Prime Commercial Position
Fully Renovated
Let to: Brewdog Retail Limited
Expiry December 2038
No Breaks
Passing Rent: £15,XXX.a.x
Fixed Increase In Yr 5 to £17,XXX.a.x.
Freehold: P.O.A.
Location
The property is situated on the south side of Marischal Street, within the “Drummers Corner” commercial centre of Peterhead. Peterhead is located approximately 32 miles north of Aberdeen on the A92 linking through to Fraserburgh. The town has a resident population of circa 24,000 persons and enjoys a strong catchment given the drive time to Aberdeen. Traditionally focused on the fishing industry, Peterhead acts as a major service centre for the fishing, oil and gas industry. Neighbouring occupiers include Superdrug, W H Smith, H Samuel, Argos and New Look together with a number of local traders.
Subjects
The property comprises a ground floor public house surmounted by a pitched roof with access to the rear via Maiden Street. The subjects benefit from a full renovation by the sitting tenant to their corporate specification, with granite bar top, polished hardwood flooring, pendent lighting, a mixture of loose and fixed booth seating along with male, female and disabled w.c facilities.
Area
The property has been measured on a gross internal area basis to offer the following;
Ground Floor: 106.37sqm (1,145sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms:
Tenant: Brewdog Retail Limited
Expiry: December 2038
Breaks: None
Passing Rent: £15,XXX.a.x.
Review: every 5th anniversary with fixed increase in December 2023 to £17,XXX.a.x.
Price
Our client would dispose of their freehold interest, price on application
VAT
Figures quoted are exclusive of V.A.T. We understand our client opted to waive their option to tax.
E.P.C
Available on request
Viewing
By appointment via the marketing agent
Legal
Each party shall bear their own legal costs incurred in the transaction
Title
Available on request