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Former Di Maggio’s and Monterey Jack 42 Gateside St 3,930 SF Retail Building Hamilton ML3 7JQ $822,562 CAD ($209.30 CAD/SF)



Investment Highlights
- Currently Vacant with Refurbishment Opportunity
- Large Self-Contained Site With Dedicated Rear Car Park
- Prominent Detached Licensed Premises
Executive Summary
CoStar-Ready Sales Notes
This prominent detached licensed premises offers a rare freehold opportunity within a high-visibility position on Gateside Street, a busy arterial route close to Hamilton Town Centre, the Regent Shopping Centre and Hamilton Central station. The property provides approximately 4,045 sq ft of accommodation on a 0.35-acre self-contained site, benefitting from a substantial 35-space private car park. Currently vacant and requiring full refurbishment throughout, the asset is ideally suited to an owner-operator, hospitality group, or investor seeking value-add potential. Planning permission and a building warrant have already been secured for operation as a bar and restaurant, enabling a significant uplift in capacity to over 300 patrons, creation of a large beer garden, and reconfiguration of internal areas. Previously trading as Di Maggio’s and Monterey Jack’s (approx. 140 covers), the premises offer strong scope for redevelopment, bespoke fit-out and operational repositioning. Offered on a heritable (freehold) basis at offers in the region of £450,000, this property provides an excellent opportunity to establish or expand a hospitality or leisure operation within a growth-focused Central Belt location.
This prominent detached licensed premises offers a rare freehold opportunity within a high-visibility position on Gateside Street, a busy arterial route close to Hamilton Town Centre, the Regent Shopping Centre and Hamilton Central station. The property provides approximately 4,045 sq ft of accommodation on a 0.35-acre self-contained site, benefitting from a substantial 35-space private car park. Currently vacant and requiring full refurbishment throughout, the asset is ideally suited to an owner-operator, hospitality group, or investor seeking value-add potential. Planning permission and a building warrant have already been secured for operation as a bar and restaurant, enabling a significant uplift in capacity to over 300 patrons, creation of a large beer garden, and reconfiguration of internal areas. Previously trading as Di Maggio’s and Monterey Jack’s (approx. 140 covers), the premises offer strong scope for redevelopment, bespoke fit-out and operational repositioning. Offered on a heritable (freehold) basis at offers in the region of £450,000, this property provides an excellent opportunity to establish or expand a hospitality or leisure operation within a growth-focused Central Belt location.
Property Facts
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
3,930 SF
Building Class
C
Year Built
1990
Price
$822,562 CAD
Price Per SF
$209.30 CAD
Building Height
1 Story
Frontage
41’ on Gateside Street
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Nearby Major Retailers
1 of 4
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Former Di Maggio’s and Monterey Jack | 42 Gateside St
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