25 Crown Terrace

25 Crown Terrace
£25,000 / £250,000

Published on May 31, 2021

Building:
25
Address:
Crown Terrace
Postcode / City:
AB11 6HD Aberdeen
Type:
FOR SALE / TO LET
Info PDF:
Download
Square Feet:
3,360

Description

CITY CENTRE RESTAURANT FOR SALE/TO LET

The property comprises part of the ground and lower ground floors fronting Crown Terrace within a substantial building of granite construction with a slate covered roof.

LOCATION

The property is located on the east side of Crown Terrace within an established leisure location only a few hundred yards from Union Street, Aberdeen’s principal shopping thoroughfare. Union Square Shopping Centre and the main bus and railway stations are situated 150 metres (164 yards) to the east.

Aberdeen is Scotland’s third city and boasts one of the most buoyant economies within the UK and is known as The Oil Capital of Europe.

ACCOMMODATION

The following accommodation is provided:

Gross Internal Areas
Ground Floor
Entrance
Lower Ground Floor
Restaurant with up to 100 covers,
2 private dining rooms, male,
female and disabled toilets,
fitted kitchen, storage staff toilet
 

 

312.15 m2 (3,360 sq ft)                                                        

SERVICES

All main services are available. Heating is by an electrical underfloor system.

RATING ASSESSMENT

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

Net & Rateable Value – £32,000.

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

LEASE TERMS

The property is offered for lease on new full repairing and insuring terms for a period to be negotiated incorporating rent reviews at appropriate intervals.

RENTAL

£25,000 per annum exclusive.

PRICE

Alternatively our clients would consider a sale of the property at a price of £250,000.

VAT

The property is not opted to tax and therefore no VAT will be payable on the rent or purchase price.

TENURE

Freehold.

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/purchaser 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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