The retail unit consists of a ground floor level with the addition of a basement as part of a two storey end terrace building of traditional granite and slate roof construction. Pedestrian access into the property is taken at ground floor level on George Street.
The property has been fitted out on the ground floor for retail use with an open-plan style. The ground floor has hard flooring throughout and plasterboard lined walls. The rear of the property provides welfare amenities such as a WC and kitchen area.
The basement level is accessed internally via wooden stairs and provides additional storage space. The retail unit has a 3-phase power supply and heating is via an air source heat pump. There are metal security shutters across the frontage as well as numerous CCTV cameras installed for security measures.
Location
The subject property is located on the east side of George Street close to the junction with St Andrew Street. The Bon Accord Shopping Centre is close by and Union Street is only a short 5 minute walk away. Retailers located nearby include John Lewis, Finnies the Jeweller, Indigo Sun, Keystore, Western Union, Cash Converters and Greggs.
Accommodation
156.82 sq m (1,688 sq ft)
Terms
Rateable Value: The new proposed Rateable Value of the subjects is £17,000 (formerly £22,750) effective from 1 April 2023. Please note this is draft and subject to change under the ongoing Rating Re assessment.
Lease Terms: The landlord is willing to consider flexible lease terms depending upon covenant strength. Any medium to long-term lease terms will provide for periodic rent reviews.
Price: Our client is seeking offers in the region of £175,000, exclusive of VAT, for their heritable interest.
Rent: £16,000 per annum, exclusive of VAT and payable quarterly in advance.
Energy Performance Certificate (EPC): The subjects have an EPC Rating of G. A full copy of the EPC and the Recommendation Report can be provided upon request.
VAT: All monies due under the lease will be VAT chargeable at the applicable rate.
Legal Costs: Each party will bear their own legal costs incurred in the transaction. The ingoing tenant will be responsible for LBTT and registration dues, where applicable.