DESCRIPTION
Marischal Square is a new build Grade A office, leisure and hospitality development, completed in 2017, providing over 173,000 sq. ft. of office accommodation and ground floor hospitality venues. Hospitality offers include All Bar One, Costa Coffee, Mackie’s 19.2 and the 126-bedroom four-star Residence Inn by Marriott. Office occupiers include CBRE, EY, KMPG, Royal Bank of Scotland, DC Thomson and Chevron.
The subjects compromise a large ground floor unit with capability of sub-division, with prominent visibility from the Bon Accord Centre.
Currently set our as follows
- 2 bars.
- 4 street food kitchens
- Large kitchen
- Seating area
- Stores
- Toilets
Location
Aberdeen is Scotland’s third largest city and has a thriving job market based around oil and gas, bioscience and tourism with a low unemployment rate. The city has a population of approximately 220,000 and wider catchment of approximately 500,000.
The city is home to two top two universities, the University of Aberdeen and Robert Gordon University and there is a vibrant retail and entertainment culture. The estimated student population is 30,000.
The immediate surrounding area includes tourist attractions Marischal College, Aberdeen Art Gallery and Union Terrace Gardens, making this a highly regarded location at the heart of the city centre for hospitality operators.
Accommodation
The Gross Internal Floor areas have been calculated in accordance with the RICS Code of Measuring Practice (6th Edition). All at Ground floor level.
| DESCRIPTION | SQ. M. | SQ. FT. |
| Units C & E | 942 | 10,047 |
There is potential to sub-divide the units into 2 or 3 smaller units
Terms
LEASE TERM
Rental offers are sought for a new lease over either the combined unit or a sub-division of the units for a period to be negotiated. Any medium to long term lease term will incorporate rent reviews at 5 yearly intervals. Further information on rental can be discussed with the joint letting agents.
SERVICE CHARGE
There is a service charge payable for the upkeep, repair and maintenance of the common parts of the building in the region of c.£20,000 per annum (c.£2.00 per sq ft). Further information can be provided to interested parties on request.
RATEABLE VALUE
The subjects have a combined Rateable Value of £155,000 per annum effective from 1st April 2023. This equates to a rates payable of c.£87,000 per annum. A new occupier will have the right to appeal the Rateable Value.
VAT
All figures are exclusive of VAT, which will be payable at the prevailing rate.
DATE OF ENTRY
Immediate upon conclusion of legal missives.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in documenting a transaction. The ingoing occupier will be responsible for any LBTT and Registration Dues, if applicable.
Specification
ENERGY PERFORMANCE CERTIFICATE (EPC)
Subject currently benefits from ratings ranging from E to D. Full documentation is available on request.
PREMISES LICENCE
There is a premises licence in place which operates between the following hours:
Monday – Thursday: 11:00 – 02:00
Friday/Saturday: 12:00 – 03:00
Sunday: 12:00 – 02:00
A new operator can request alterations to operating hours to suit their operating hours.
ANTI-MONEY LAUNDERING (AML)
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduce due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.
SERVICES
We understand that the premises are connected to all mains services, including water, electricity, gas and drainage. There is a space heating / cooling system and extract from the Kitchen. business model.