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8 Golden Square Aberdeen, AB10 1RB
Use Class
E(a)
Size
4,621 sq ft
Rent pa
£40,000
Price
£400,000
Market Sector
Retail & Shopping Park
Key Features
All fixtures and fittings are to remain within the premises, making it an ideal opportunity.
Entry - Immediate.
Description
The subjects comprise an attractive mid-terrace, four storey building of traditional granite and slate construction with a two storey extension to the rear of brick construction. The property has been operated as a bar/restaurant for an established period and benefits from a full fit-out associated with licensed premises.
Location
The property is located in Golden Square, a mixed-use area, situated in the heart of Aberdeen City Centre. With close proximity to Union Street, Aberdeen’s main commercial thoroughfare, the property benefits from a vast variety of local amenities.
Nearby licensed premises include The Globe, Under the Hammer, Bartenders Lounge and The TownHouse Bar & Kitchen. Other users include traditional office occupiers with residential flats on the upper floors.
Key Information
Further Infomation
Terms & Conditions
To satisfy HMRC and RICS guidance, FG Burnett is required to undertake AML diligence on both the purchasers and vendors. Accordingly, a successful bidder will be required to provide detailed financial and corporate information and FG Burnett will undertake the necessary ‘Know Your Client’ identity checks to satisfy AML requirements when Heads of Terms are agreed.
Accommodation
4,621 Sq.Ft
The property is fully fitted out to provide bar/restaurant use and the accommodation can be found over the floors.
Downloads
Financial
Lease Type
New Lease
Lease Term
The building is offered on a new Full Repairing and Insuring lease, any lease in excess of 5 years will be subject to upward only rent reviews.
Rent
Rental offers in the region of £40,000 pa are sought with a sale price of £400,000 exc VAT.
Costs
Each party will be responsible for their own legal costs incurred in the transaction. The ingoing occupier will be responsible for any LBTT and registration dues applicable.
Terms & Conditions
To satisfy HMRC and RICS guidance, FG Burnett is required to undertake AML diligence on both the purchasers and vendors. Accordingly, a successful bidder will be required to provide detailed financial and corporate information and FG Burnett will undertake the necessary ‘Know Your Client’ identity checks to satisfy AML requirements when Heads of Terms are agreed.
Vat
VAT is payable in addition to all monies due.
Business Rates
The Rateable Value effective from 1 April 2023 is £41,000 pa. Any ingoing occupier will have the right to appeal the Rateable Value and may also be entitled to certain relief from rates under the various schemes currently available. Interested parties should contact the relevant Local Authority and further information can be found at www.saa.gov.uk
Sustainability
Copy available on request.
Disclamier
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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