A LARGS restaurant is looking for new owners after failing to sell at an auction in Glasgow.

Morris's Restaurant re-opened as the Seafood Cafe with new blue aquatic colour scheme and a revamped menu after being taken over in the summer.

We reported last week how the business had reopened on 11 July after rebranding as an upmarket seafood eaterie boasting fresh fish from 'trawler to plate'.

However, after opening to positive reviews, the premises in Gallowgate Street suddenly closed its doors last month.

The News understands the new owners decided to sell up due to ill health and it was put up for sale by a Glasgow-based agent.

The business went under the hammer at the city's Radisson Hotel on Tuesday night with a guide price of £175,000, reducing from the original asking price of £300,000.

The premises was marketed as being of 'Ready to Let' condition compromising of reception area, lounge/bar area, restaurant, a fully equipped kitchen, storage area with male and female toilets and a car park/ loading area.

Future Property Auctions describe the development as an 'outstanding investment opportunity', adding: "The restaurant at this location previously turned over in excess of £500,000 in one calendar year.

"The current business has been successful in this location for 29 years."

Previous owner Gordon Scott told the News that he hoped to see the premises back in operation soon.

He added: I’m just glad I am not a young person starting out in my own business today - back in 1987 things were much easier.

"It was a big part of my life though and I would hope it can run again successfully as a restaurant."

A spokesman for Future Property Auctions told the News that the restaurant had already been under offer and there was interest from several parties tempted by the prime location on Largs seafront.

But last night the effort to sell proved unsuccessful.

A spokesperson for Future Property Auctions said: "The asking price was not met and as such no sale was completed.

"It will be be put back up for sale at our next auction on February 4.

"We will discuss what happens moving forward with the owners and it will be their decision whether they would want to look at lowering the asking price."