The Red Lion

The Red Lion
£ 200,000

Published on December 19, 2017

Building:
The Red Lion
Address:
130 The Spital
Postcode / City:
AB24 3JU Aberdeen
Type:
FOR SALE
Info PDF:
Download
Square Feet:
1,804

Description

TRADITIONAL PUBLIC HOUSE WITH FUNCTION ROOM (POSSIBLE OWNERS ACCOMODATION)

The property occupies the ground, first and basement floors within a 3 storey, attic and basement end-terraced building of substantial granite and slate construction.

LOCATION

The property is located on the east side of The Spital within close proximity to Aberdeen University within a predominantly residential area approximately 1 mile north of the City Centre.

Aberdeen is Scotland’s third city and renowned for its educational establishments and many student blocks are located within the immediate vicinity.

ACCOMODATION

The following accommodation is provided:-

Gross Internal Area
Basement
Beer store, spirit store, general
storage, boiler
54.64 sq m  (588 sq ft)
Ground Floor
Public bar, male toilet
containing low level WC,
2 urinals and 2 wash hand
basins, female toilet
containing low level WC and
wash hand basin
 

 

 

56.76 sq m (610 sq ft)

First Floor
Function room, male toilet with
low level WC, urinal and wash
hand basin, female toilet with
low level WC and wash hand
basin
 

 

56.34 sq m (606 sq ft)

TOTAL 167.74 sq m (1,804 sq ft)

SERVICES

Mains electricity, water, gas and drainage are installed. Heating is by a gas fired system.

POSSIBLE REDEVELOPMENT

The access to the function room is from the front of the ground floor bar area with a separate fire escape to the south gable. It may be possible to convert the first floor to owner’s accommodation with a separate access utilising the current fire escape. Plans have been prepared showing a 2 bedroom apartment on the first floor which can be made available to genuinely interested parties on request.

RATING ASSESSMENT

The property is entered in the current valuation roll as follows:

Net & Rateable Value – £12,750

The Uniform Business Rate for 2017 / 2018 is 46.6p in the £.

Any ingoing tenant will have a right of appeal.

The property may qualify for 100% reduction under the Small Business Bonus Scheme

TENURE

Freehold.

LICENSE

The property has the benefit of a license to sell alcohol with the following trading hours:-

Monday – Saturday: 11am – midnight

Sunday: 12.30pm – midnight

LEASE TERMS

The property is offered on a new full repairing and insuring lease for a period to be agreed.

EPC

This property has an Energy Performance Rating of G. Further details available on request.

PRICE

Offers in the region of £200,000 are invited plus stock at valuation.

VAT

All figures quoted are exclusive of Value Added Tax.

ENTRY

Immediately upon conclusion of legal formalities.

GENERAL

The property has been trading under management for the last number of years and we feel that the property is ideally suited for owner occupation with possibly the function room converted into owner’s accommodation. This would improve the frontage to the Red Lion which is a well known establishment which for many years has been an integral part of the Aberdeen social scene.

OFFERS & VIEWINGS

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

Click to see the complete image

Contact US

Fields marked with an * are required