1 Portland Street

1 Portland Street
£19,200 / annum

Published on August 1, 2022

Building:
1 Portland Street
Address:
Portland Street
Postcode / City:
AB11 6LN Aberdeen
Type:
TO LET
Info PDF:
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Square Feet:
1,962

Description

RESTAURANT/TAKEAWAY TO LET

The property occupies part of the ground and basement floors within a 2 storey basement and attic building of substantial granite and slate construction. There is also a single storey extension with rear access.

LOCATION

The property occupies a prominent site at the junction of Portland Street and Crown Street only ¼ of a mile south of Union Street, Aberdeen’s principal shopping thoroughfare.

The surrounding area is mixed use within the city of Aberdeen which is Scotland’s third largest conurbation and benefits from a prosperous local economy.

ACCOMMODATION

The following accommodation is provided:

Net Internal Area
Ground Floor
Front counter, restaurant area,
rear preparation/restaurant, fitted
kitchen, storage, male and female
toilets                                                       
130.88 m2 (1,409 sq ft)
Basement
Storage                                                                                
51.4 m2 (553 sq ft)
TOTAL 182.28 m2 (1,962 sq ft)

SERVICES

All mains services are installed. Heating is by electric wall mounted heaters.

RATING ASSESSMENT

The property is currently entered in the valuation roll within an adjoining property and will be reassessed on occupation.

The Uniform Business Rate for 2022 / 2023 is 49.8p in the £.

This property may qualify for a 100% reduction under the Small Business Bonus Scheme.

PLANNING

The property was formerly occupied as a restaurant but also has the benefit of change of use to hot food takeaway.

LEASE TERMS

The property is offered on a new full repairing lease for a period of 15 years incorporating 5 yearly upward only rent reviews.

RENTAL

£19,200 per annum, exclusive.

PREMIUM

A premium of £13,000 is sought for fixtures and fittings.

VAT

The property is not elected for Value Added Tax.

ENTRY

On completion of legal formalities.

EPC

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

LEGAL COSTS

Each party will be responsible for their own legal costs in connection with the lease with the tenant being liable for LBTT and registration dues.

OFFERS & VIEWINGS

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

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