335 Union Street

335 Union Street
£40,000 / £400,000

Published on September 16, 2020

Building:
335 Union Street
Address:
Union Street
Postcode / City:
AB11 6BS Aberdeen
Type:
TO LET
Info PDF:
not available
Square Feet:
4,349

Description

RETAIL UNIT WITH CHANGE OF USE TO PUBLIC HOUSE TO LET / FOR SALE

The property occupies part of the ground, mezzanine and basement floors within a two storey, attic and basement end terrace building of substantial granite construction with a pitched and slate covered roof.

LOCATION

The property occupies a prominent site on the south side of Union Street, Aberdeen’s principal shopping thoroughfare and as shown on the plan opposite for identification purposes only.

Aberdeen is Scotland’s third city with a population in excess of 228,000, a catchment of 500,000 and boasts one of the most dynamic economies within the UK.

Occupiers within the immediate vicinity include Soul Bar, Amarone, Café Andaluz, Topolabamba and Vovem.

ACCOMMODATION

The following accommodation is provided:

Net Internal Areas
Ground Floor
Front shop/sales, back shop,
storage
266.91 sq m (2,873 sq ft)
Basement
Kitchen, male and female
toilets, office, storage
90.67 sq m (976 sq ft)
Mezzanine
Staffroom, Boardroom
46.45 sq m (500 sq ft)
Total                                               404.03 sq m (4,349 sq ft)            


SERVICES

All mains services are installed.

RATING ASSESSMENT

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

Net & Rateable Value – £41,000.

The Uniform Business Rate for the year 2020/2021 is 49.8p in the £.

LEASE TERMS

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

RENTAL

£40,000 per annum, exclusive.

TENURE

Freehold.

PRICE

Alternatively, a sale of the freehold would be considered at offers in the region of £400,000.

ENTRY

On completion of legal formalities.

EPC

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

ALTERNATIVE USES

Although the property has the benefit of Class 1 retail consent. Change of use has been granted to Public House.

VAT

All figures quoted are exclusive of Value Added Tax.

LEGAL COSTS

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

OFFERS & VIEWINGS

All offers should be submitted in writing to the sole Agent who will also make arrangements to view on a strictly by appointment basis.

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