28 Market Square, Stonehaven, AB39 2BA

The premises comprise a two storey and attic mid terraced property used as a takeaway at ground floor level with the first floor previously operated as a restaurant.

At ground floor the space is split to provide a large takeaway area to the front and kitchen/prep area to the rear as well as storage and a disabled WC facility.

The upper levels are accessed from street level or via door the kitchen and takeaway areas. At first floor a large restaurant area, prep space, dry stores and male/female WC's are provided.

The attic level provides two rooms used for storage and a shower room.


The investment summary is as follows:
- Let to Hasan Genc
- Lease Expiry 13th January 2036 with no break option
- Passing rent - £33,000 per annum exclusive
- 3 yearly rent reviews (upwards only)
- Previous rent reviews have yet to be actioned
- Terms- Full repairing and insuring
- Price £350,000
- Net initial yield at 9.11%

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 connects the location to Aberdeen to the north and Dundee to the south enabling easy commuting from the town
itself.

The subject themselves are located in a prominent location on Market Square within the main retail core of the town. Market Square car park is immediately adjacent, providing pay and display parking. Nearby occupiers include Specsavers, Chest Heart and Stroke Scotland and Greggs.