The subject property comprises leisure premises arranged over the lower ground floor, upper ground floor and part of the first floor of a substantial four storey and attic building constructed of granite under a pitched and slated roof.
At lower ground floor the accommodation comprises a bar area (accessed from Windmill Brae) with fitted seating and a bar servery, customer toilets, commercial kitchen and cellar areas.
The upper ground floor comprises a bar area (accessed off Windmill Brae or Bridge St) with numerous seating areas, bar servery areas, store rooms with customer toilets and office area at first floor level.
Location
Aberdeen is Scotland's third largest city and is widely regarded as the energy capital of Europe. The city is located in the north-east of Scotland and has 2 universities with a combined student population of around 30,000 students.
The premises are located within an established leisure area in the city centre, within easy walking distance of Aberdeen railway and bus stations and Union Street, which is the city's primary shopping thoroughfare.
The property has access from both Windmill Brae and Bridge Place. Neighbouring occupiers include Café Boheme, Ark Nightclub, Rileys Sports Bar and various takeaway operators.
Accommodation
The premises extend to the following approximate areas:
Lower Ground Floor: 7,715 sq ft / 716.7 sqm
Upper Ground Floor: 8,908 sq ft / 827.6 sqm
First Floor: 2,806 sq ft / 260.7 sqm
Total: 19,429 sq ft / 1,805.0 sqm
Terms
Price: Offers over £285,000 are sought - 17% Net Initial Yield
Tenancy: Let to OGV Taprooms Ltd on a Full Repairing and Insuring (FRI) Lease, subject to a schedule of condition, at a passing rent of £50,000 per annum until 17th December 2028.
EPC: Available on application.
Legal Costs: Each party to be responsible for their own legal and professional costs. The ingoing purchaser will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.