279 Rosemount Place

279 Rosemount Place
£ 200,000

Published on March 23, 2015

Building:
279
Address:
Rosemount Place
Postcode / City:
AB25 2YB Aberdeen
Type:
SOLD
Info PDF:
Download
Square Feet:
1070

Description

INVESTMENT CAFE FOR SALE

 

LOCATION

The property is located on the north side of Rosemount Place close to the junction with Craigie Loanings within the popular suburb of Rosemount.

Surrounding properties are of mixed commercial and residential use, approximately 1 mile north of Aberdeen city centre.

Aberdeen is Scotland’s third city, known as the oil capital of Europe, with a population in the region of 210,000 and a total catchment approaching 500,000.

ACCOMMODATION

The following accommodation is provided:

  Net Internal Area

Ground Floor
Café with built in servery,
toilet                                              

Basement
Storage accessed by a timber
stair via a hatch behind the
servery                        


61.04 m2 (657sq ft)

38.37 m2 (413 sq ft)

Total  99.41 m2 (1070 sq ft)

 

SERVICES

All main services are installed. Heating is by a gas fired radiator system.

RATING ASSESSMENT

The property is entered in the valuation roll as follows:

Rateable Value – £5,900

The proposed Uniform Business Rate for the year 2015/2016 is 48.0p in the £. 

A tenant may qualify for up to 100% Small Business Rates Relief.

LEASE TERMS

The property is leased to Ou Café Bistro on full repairing and insuring terms from 18th February 2014 until 31st January 2024 at a rental of £16,000 per annum payable monthly in advance.

The rent is subject to review on 1st February 2017 and at 3 yearly intervals thereafter on an upwards only basis. The tenant has a break option on 31st January 2019.

GROUND TENURE

Freehold.

PRICE

Offers in excess of £200,000 are invited which will show a purchaser a return of 8% before costs.

VAT

All figures quoted are exclusive of Value Added Tax.

EPC

The property has an EPC rating of G.

OFFERS & VIEWINGS

All offers should be submitted in writing to the sole agents who will also make arrangements to view.

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