The subjects form the ground floor of a two storey and attic, traditional granite and slate premises. To the rear are two single storey extensions with flat felt roofs. The premises benefit from large window display with a central recessed doorway.
Internally the space is split to provide a large open restaurant/takeaway are a with fixed counter, cooking area and to the rear are several prep and storage areas together with two WCs.
Location
Fraserburgh is located approximately 42 miles north of Aberdeen. The town serves as a major employment and service centre with the towns economic base being dominated by fishing and its associated businesses and industries. The population of Fraserburgh is approximately 12,500.
The premises themselves are located on the eastside of Broad Street between its junctions with Commerce Street and Frithside Street.
There is a range of local and national operators present within the town and include Boots, Card Factory, Santander, Cancer Research, Semi-Chem and Specsavers.
Accommodation
Ground Floor - 143.53 sq m (1,545 sq ft)
The above floor areas have been calculated on a Net Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition).
Terms
TENANCY DETAILS - The subjects are let on full repairing and insuring terms subject to a schedule of condition to Faek Hewsain Ahmed from 1st July 2023 for a period of 10 years. The passing rent is £10,000 per annum with a provision within the lease for upward only rent reviews on a 3 yearly basis.
Further information on lease terms are available upon request.
It is anticipated that there is potential to increase the rent at the rent review in 2026, further information available is available upon request.
PRICE - Offers over £99,000 is sought for our client’s interest in the subjects.
A purchase at this level would show a net initial yield of 9.92%
VAT - The price quoted is exclusive of VAT.
LEGAL COSTS - Each party shall be responsible for their own legal costs associated with the transaction with the purchaser being responsible for any LBTT, registration dues etc.
ENERGY PERFORMANCE CERTIFICATE - The subjects have a current Energy Performance Certificate Rating of G
Further information and a recommendation report is available to seriously interested parties on request
Specification
- OFFERS OVER £99,000
- PASSING RENTAL – £10,000 PER ANNUM
- LEASE EXPIRY – 30TH JUNE 2033
- NET INITIAL YIELD – 9.92%
- SIZE – 143.53 SQ.M (1,545 SQ.FT)