Aberdeen city has a populaion of circa 210,000 and a wider catchment of aprrox 500,000 people. The city benefits from strong transportation links, with the A90 providing dual carriageway access to Dundee, Edinburgh, and Glasgow.
The surrounding area comprises retail, offices, leisure, residential, and student accommodation.
The property is and end terrace of traditional granite construction and it is understood the façade is Grade B listed. The property benefits from a single storey return frontge onto Diamond Street. The ground floor customer area is finished to a good standard with tiled floors, papered and painted plaster walls, and suspended ceilings with WC's located off. A stairwell to the rear leads to the basement level with a cellular layout format with a basic finish.
Let to KFC at an annual passing rent of £106,213 with 5 yearly rent reviews. The next rent review is in November 2026 with fixed rental uplifts reflecting 2.5% annually compounded. Lease expiry November 2041.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - G110
Restaurant
All figures quoted are exclusive of and may therefore be liable to VAT.
Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).
Net Annual Value: £37,750
Estimated Rates Payable: £18,780
| 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|
| Basement | 1,541 sq ft | (143.2 sq m) | ||
| Ground Floor | 1,715 sq ft | (159.3 sq m) | ||
| Total GIA | 3,256 sq ft | (302.5 sq m) | ||
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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