The Forum

£400,000 / £40,000

Published on June 21, 2019

Building:: The Forum
Address:: 3 Skene Terrace
Postcode / City:: AB10 1RN Aberdeen

Type:: FOR SALE / TO LET
Info PDF:: Download
Square Feet:: 8,081

Description

ESTABLISHED FUNCTION SUITE/NIGHTCLUB WITH DEVELOPMENT POTENTIAL FOR SALE/TO LET

The property comprises a substantial granite and slate building trading as The Forum function suite.

LOCATION

The property occupies a prominent site at the junction of North Silver Street with Rosemount Viaduct/Skene Terrace approximately quarter of a mile north of Union Street, Aberdeen’s principal shopping thoroughfare.

The popular Golden square office location is situated at the south end of North Silver Street and immediately to the north is Her Majesty’s Theatre.

Aberdeen is Scotland’s third largest city with a population in the region of 230,000 and a catchment of around 500,000.

ACCOMMODATION

The accommodation is as follows:

	Gross Internal Area
Lower Ground Floor (ground floor to Rosemount Viaduct) Main auditorium with a capacity of 650 (inc. balcony), bar, kitchen, male and female toilets, storage	475 m2 (5,113 sq ft)
Balcony Floor Bar, male and female toilets, office, changing room with en-suite shower room	215 m2 (2,314 sq ft)
Mezzanine Stage	60.7 m2 (654 sq ft)
TOTAL	750.7 m2 (8,081 sq ft)

SERVICES

Mains electricity, water, drainage and gas 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 – £31,500.

The Uniform Business Rate for the year 2019/2020 is 49p in the £.

LICENSE

12pm until 2am Sunday to Thursday inclusive.

12pm until 3am Saturday and Sunday.

TRADING HOURS

The Forum is a function venue which operates on an ad hoc basis.

DEVELOPMENT POTENTIAL

The property is considered suitable for alternative uses such as residential subject to obtaining Local Authority consents.

PRICE

Offers in the region of £400,000 are invited to include all fixtures, fittings and goodwill.

LEASE TERMS

Alternatively, the property is available for lease on the usual full repairing and insuring terms at a rental of £40,000 per annum.

ENTRY

On completion of legal formalities/transfer of license.

VAT

All figures quoted are exclusive of Value Added Tax.

EPC

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

LEGAL COSTS

Each party will be responsible for their own legal costs in connection with the transaction with the ingoing 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.