The Pavilion Cafe

The Pavilion Cafe
£ 250,000

Published on July 3, 2018

Building:
The Pavilion
Address:
5/6 Sea Beach
Postcode / City:
AB24 5NS Aberdeen
Type:
FOR SALE
Info PDF:
Download
Square Feet:
1,089

Description

POPULAR SEASIDE CAFÉ/RESTAURANT BUSINESS FOR SALE

The property comprises a single storey traditional café of block construction harled externally with a flat mineral covered roof.

LOCATION

The property is located within the heart of Aberdeen’s seaside entertainment/leisure sector overlooking the promenade and Aberdeen’s famous sandy beach.

Within the immediate surroundings there are leisure attractions such as Codonas Amusement Park and Sunset Boulevard, Cineworld, Transition Extreme and new Inflatable Amusement Centre.

Aberdeen, in addition to being known as the oil capital of Europe, has an established and buoyant tourism sector supported by first class hotels. 

ACCOMMODATION

The following accommodation is provided;

  Gross Internal Area

Ground Floor
Front kiosk with external servery,
main café/restaurant with 
approximately 50 covers, kitchen, 
prep area, storage, male & female
public toilets, staff accommodation
and toilet                              

 

 

101.17 sq m (1,089 sq ft)

SERVICES

All main services are installed. Heating is by electrical appliances.

RATING ASSESSMENT

The property is entered in the current Valuation Roll at £15,750.

The Uniform Business Rate for the year 2018/2019 is 48.4p in the £.

Any ingoing tenant will have a right of appeal.

This property may qualify for a 25% reduction under the Small Business Bonus Scheme.

LEASE TERMS

The property is held on lease from 28th May 1982 until 28th May 2022. The tenant has an option to extend the lease for a further period of 20 years with effect from 28th May 2022 subject to review and at 5 yearly intervals thereafter. The rental is £14,700 per annum subject to outstanding review.

VAT

All figures quoted are exclusive of Value Added Tax.

PLANNING

Planning consent has been granted to provide a first floor extension over the entire ground floor footprint and further information can be provided on request.

TRADING ACCOUNTS

Financial information can be provided to genuinely interested parties by contacting the agents.

PRICE

Offers in excess of £250,000 are invited for the leasehold interest to include fixtures, fittings and goodwill. Stock at valuation.

ENTRY

By arrangement.

EPC

The property has an EPC rating of G. Further details are available on request.

LEGAL COSTS

Each party will be responsible for their own legal costs in connection with the transaction with the purchaser liable for LBTT and registration dues in the normal manner.

OFFERS & VIEWINGS

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

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