The Red Lion

- Building:
- The Red Lion
- Address:
- 130 The Spital
- Postcode / City:
- AB24 3JU Aberdeen
- Type:
- FOR SALE / TO LET
- Info PDF:
- Download
- Square Feet:
- 1,198
Description
TRADITIONAL PUBLIC HOUSE TO LET/FOR SALE
The property occupies the ground 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) |
TOTAL | 111.40 sq m (1,198 sq ft) |
SERVICES
Mains electricity, water, gas and drainage are installed. Heating is by a gas fired system.
RATING ASSESSMENT
The property is entered in the current valuation roll as follows:
Net & Rateable Value – £12,750 – (to be amended)
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.
RENTAL
£12,000 per annum plus £10,000 premium and stock at valuation.
PRICE
Alternatively, offers in the region of £120,000 are invited for the freehold plus stock at valuation.
VAT
All figures quoted are exclusive of Value Added Tax.
ENTRY
Immediately upon conclusion of legal formalities.
OFFERS & VIEWINGS
All offers should be submitted in writing to the sole agents who will also make arrangements to view.