The opportunity comprises of traditional property that provides a reception area along with office accommodation and meeting rooms. The reception benefits from a large display window to the street. Internally, the accommodation is fitted for use as an estate agency.
Location
The property is located within the coastal town of Stonehaven which lies around 16 miles to the immediate south of Aberdeen City. Stonehaven benefits from easy access to the A90 route which runs in a southerly direction from Aberdeen city towards Dundee thus enabling easy commuting from the town itself.
The premises are located on Ann Street, within the Town Centre, all local amenities are within easy reach with neighbouring occupiers being a mix of commercial and residential uses.
Accommodation
Ground Floor 1,751 sqft
Rear Stores 379 sqft
Terms
ffers over £200,000 are sought showing a net initial yield of 9.31%.
Legal Costs Each party will be responsible for their own legal costs associated with the transaction with the Oingoing tenant being responsible for any registration dues, LBTT, etc.
VAT All figures quoted are exclusive of VAT at the prevailing rate.
Energy Performance Certificate The subjects currently have an EPC rating of “D” Further information and a recommendations report are available to seriously interested parties upon request.
Rent and Lease Terms: The subjects are let to James & George Collie LLP for a period of 15 years from 30th September 2024 with a tenant only break option on the 10th anniversary of the date of entry. The passing rent is £19,000 per annum, although this is reduced by way of incentive to £17,100 per annum until the 5th anniversary of the date of entry. The lease is on full repairing and insuring terms, although the tenant’s liability is reduced for the term of the lease. Further information available upon request
Specification
- Let to James & George Collie LLP
- Long Established Occupier
- Rental Income - £19,000 per annum (subject to reduced rent for first 5 years)
- Lease Expiry – 30th September 2039