A long-vacant landmark Glasgow restaurant site has been sold for the second time this year, with the new occupier revealed.
The restaurant site, which was being marketed by Glasgow-based TSA Property Consultants on behalf of a property investor, has now been sold to a buyer from England.
A sign in the window of the former Two Fat Ladies restaurant premises on Blythswood Street in Glasgow city centre signals the impending arrival of SSAMM, billed as “the hottest Korean BBQ restaurant”.
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The site previously changed hands earlier this year, when it was acquired by the property investor, in a sale handled by agent CDLH . It was under offer on three separate occasions during that previous marketing process.
CDLH noted then that the premises had been sold off at an asking price of offers over £195,000.
Peter Darroch, the CDLH director who handled the previous sale, told The Herald in March: “The Two Fat Ladies was a superb business but is more suited to an owner-operator, as opposed to the seller, who operates other businesses, including the excellent Buttery restaurant within the city centre.”
CDLH said then: “The premises are a fully fitted and equipped restaurant, with seating for approximately 30 persons. The premises are located close to Blythswood Square, within the traditional business district of the city centre.”
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Mr Darroch said then: “The Two Fat Ladies, historically, was a high turnover unit, albeit operated from a relatively restricted trading area. The location is good, able to draw trade from tourists and the traditional nearby night-time licensed circuits.”
He added: “With the high interest-rate environment, there is no doubt that the licensed leisure and hotel sector within the core city centre has suffered, combined with the traditional business market for restaurant businesses reducing, due to the work-from-home environment. Nonetheless, there continues to be a good customer market, particularly from tourists, and for licensed operators who have unique and exciting brands to develop owner-operated businesses.”
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