see all jobs
CPL to sell its Tunnel and Cube nightclubs
CPL Entertainment Group, the Glasgow-based live music venue operator, intends to sell off two of its nightclubs in order to focus on its core business.
The Cube and Tunnel nightclubs – on Queen Street and Mitchell Street respectively – are predominantly popular with House and R&B fans and CPL wants to concentrate on the rock and student market, catered for by its Garage and Cathouse venues.
The Cube, which is a leasehold property, has an asking price of £400,000 while the Tunnel, a freehold, has a price tag of £2.6m.
Alan Creevy from Creevy LLH Chartered Surveyors, which has been appointed to handle the sale, said: “We have no doubt that there will be considerable interest in both these units from Scottish and UK-wide operators keen to capitalise on their locations and reputations. Both are achieving high levels of sales of profitability.”
More News
- News by sector (all)
- All news
- Fitness
- Personal trainer
- Sport
- Spa
- Swimming
- Hospitality
- Entertainment & Gaming
- Commercial Leisure
- Property
- Architecture
- Design
- Tourism
- Travel
- Attractions
- Theme & Water Parks
- Arts & Culture
- Heritage & Museums
- Parks & Countryside
- Sales & Marketing
- Public Sector
- Training
- People
- Executive
- Apprenticeships
- Suppliers