The subjects consist of a traditional, 2 storey and attic property of stone and slate construction. Trading as the popular “NOX” nightclub until 2022. The property is currently fully licensed venue and is still fully operational condition.
Although fitted as a licensed venue, the property lends itself well to residential conversation with previous schemes outlining a total of X residential units. Further information can be provided to seriously interested parties upon request.
LICENSING
The subjects benefit from an active license which allows for the sale of alcohol and food on the premises and benefits from a licensing capacity of 496 persons.
The license allows for extensive trading hours from 11am until 2am on Monday to Thursday and Sunday along with trading hours from 12pm to 3am on a Friday and Saturday.
Full licensing documentation can be provided to interested parties upon request.
Location
Located on a prominent corner site on Justice Mill Lane and Bon Accord Terrace, the subject property can be found on the popular Justice Mill Lane Leisure route which houses a number of iconic venues and sits in close proximity to 4 of Aberdeen’s best know office buildings and directly opposite from The Park Inn hotel.
With occupiers such as Shell, PwC, Orega Serviced Offices, Xodus, Neo Energy and Deloittte located within a stones throw of the subjects, there are also a number of Student Residential developments such as U-Student, Prestige Living & Bauhaus Students in close proximity providing a mixed demographic and both day and night footfall.
Accommodation
The subjects have been measured in accordance with RICS regulations and extend to the following Net Internal Areas:
Ground Floor – 316.42 sq m (3,406 sq ft)
1st Floor – 294.70 sq m (3,172 sq ft)
2nd Floor – 39.78 sq m (428 sq ft)
TOTAL – 650.99 sq m (7,006 sq ft)
Terms
Lease Terms – The accommodation is available on new Full Repairing and Insuring (FRI) lease terms for a period to be agreed.
Rent - £50,000 per annum excl. VAT
Price – Offers are invited for our clients Heritable Interest (Scottish Equivalent of English Freehold)
VAT – All figures quoted are exclusive of VAT.
Energy Performance Certificate – The property has an EPC Rating of D.
Further information can be provided to interested parties upon request.
Planning – We understand that the property currently benefits from Class 11 of the Town and Country Planning (Use Classes) Scotland Order 1997. However, the subjects lend themselves to potential alternative use classes subject to planning permission.
Legal Costs – Each party will be liable for their own legal costs in relation to the transaction. The ingoing occupier will be responsible for their Land & Buildings Transaction (LBTT) and registration dues if applicable.
Anti-Money Laundering – In accordance with HMRC and RICS guidance, we as property agents are to undertake AML on both our clients and any counter party transaction. Accordingly, personal and or detailed financial and corporate information will be required prior to any transaction concluding.