City centre restaurant Le Chardon d’Or, owned by chef Brian Maule for 22 years, has been put up for sale by Joint Administrators Alistair McAlinden and Blair Nimmo through property adviser, Christie & Co.
The listing states: “Occupying a B-listed 1830s building, the restaurant is situated over two floors and can accommodate up to 140 customers across the main restaurant, basement and small bar areas.
"The former restaurant has been decorated to a very high standard, featuring tasteful décor with a mixture of classic and contemporary elements throughout. The property boasts two fully operating industrial kitchens (one on each floor).
“This is a fantastic opportunity to acquire a freehold property with vacant possession in the centre of Glasgow.
"Due to its size and location, the property could lend itself to various alternative uses and will be of interest to owner occupiers and property investors both locally and nationally.”
Alistair McAlinden, Managing Director at Interpath Advisory and Joint Administrator of the Company, commented: “We are delighted to work with Christie & Co to bring this opportunity to market. The property is a unique prospect for trade investors and developers alike.”
Tony Spence, Associate Director at Christie & Co, who is handling the sale, added, “We are pleased to be handling the sale on behalf of the administrators and look forward to discussing this rare freehold opportunity with potential purchasers.
"The property recently traded as a fine dining restaurant for the last 20 years and remains well-placed and equipped to cater for other cuisines. It is also worthwhile noting that the property could also be developed for residential or offices, subject to planning.”
The long-standing, Michelin recommended restaurant shut down in July citing the 'financial burden' of the cost of living crisis.
Posting on social media, the team explained the difficult and sad decision, writing: "We have tried so hard to fight against the financial burden of the ‘new normal’ world we live in, but it has forced our hand - for now - with immediate effect.
“Surviving through Covid, then spiralling into a cost-of-living crisis, increased home working, plunging property values, lack of support for the Hospitality sector.
"All these damaging factors, plus many more have weighed heavily on us, we have tried so hard to see it through - for our fantastic team, whom we feel so sorry, but also for the City that we have been part of for the last 22 years, our business simply can no longer be sustained under all these pressures.
“We leave behind something that has been very special, and are so thankful to all our customers, many whom we now consider friends.
"Your support will never be forgotten - we could never have done it without you, we are grateful for everything and once the devastation has subsided, we will take great comfort from the friendships created along the way and cherish the memories.”