Port Elphinstone

£24,000 / annum

Published on May 31, 2021

Building:: Port Elphinstone
Address:: By Inverurie
Postcode / City:: AB51 3UR Aberdeenshire

Type:: UNDER OFFER
Info PDF:: Download
Square Feet:: 1,115

Description

FULLY FITTED RESTAURANT TO LET

The property comprises the ground floor within a part two storey and attic, part single storey stone building with a slate covered roof. The external walls are harled in places and a single storey extension is located to the North in blockwork, harled externally with a flat felt covered roof.

To the rear of the premises is located external storage which is accessed via a tarmacadam car park which is shared with the restaurant located on the upper floors.

LOCATION

The property is located on the West side of Elphinstone Road, the main road running through Port Elphinstone linking with the town of Inverurie. Port Elphinstone has a population of approximately 2,000 and Inverurie has a total of 13,640.

Aberdeen is the main administrative centre of the region which lies approximately 15 miles to the South East.

ACCOMMODATION

The following accommodation is provided:

Gross Internal Area

Ground Floor
Restaurant with 50 covers,
fully fitted kitchen, prep and storage,
spirit store, male and female and
disabled toilets, dispense bar

103.6 sq m (1,115 sq ft)

SERVICES

All mains services are installed. Heating is by a gas fired radiator central heating system.

RATING ASSESSMENT

The entry in the valuation roll is as follows:

Net & Rateable Value: £13,250.

The Uniform Business Rate for the year 2021 / 2022 is 49p in the £.

The incoming tenant has a right of appeal and should also qualify for a 100% reduction under the small business bonus scheme.

LICENCE

The property has the benefit of a premises licence including sale of alcohol.

LEASE TERMS

The property is offered for lease on the usual full repairing and insuring terms for a minimum period of 10 years incorporating a fifth year rent review.

RENTAL

£24,000 per annum, exclusive.

PREMIUM

A premium of £25,000 is invited to purchase all the fixtures and fittings.

VAT

All figures quoted are exclusive of Value Added Tax.

EPC

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

LEGAL COSTS

Each party will be responsible for their own legal costs. LBTT and registration dues will be borne by the tenant in the normal manner.

OFFERS & VIEWINGS

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