LEASE FOR SALE
Aberdeen is Scotland's third largest city with a population of circa 215,000 persons and a catchment in excess of 500,000 persons.
The property occupies a prominent position within Union Street, Aberdeen's prime retail thoroughfare, near to its junction with Holburn Street. Nearby retailers include Sainsbury's, Tesco and Caffe Nero.
The property occupies the ground floor within Holburn House, with the upper floors given over to office accommodation.
From our measured inspection the property extends to the following areas and dimensions:
Gross Frontage: 33’ 5” (10.18 m)
Net Frontage: 32’ 3” (9.83 m)
Net Internal Area: 2,373 ft² (220.45 m²)
The property is held on the residue of an existing full repairing and insuring lease, which is due to expire the 1st March 2026. The current passing rent is £58,750 per annum exclusive.
Our clients are seeking to dispose of their occupational interest by way of a co-terminous sub-lease.
The property is entered in the Valuation Roll as follows:
Rateable Value: £53,000
Description: Betting Office
The property has been assessed as Band 'G'. A copy of the Certificate is available on request.
Each party to be responsible for their own legal costs incurred, with the ingoing party being responsible for LBTT together with any costs incurred by the Landlord.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Strictly by appointment through this office.
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