The property comprises part of the ground floor within a four story and basement building of granite construction with a slate covered roof. Internally, the premises have been fitted out as a cafe.
The property is let to Fearless Coffee Ltd on Full Repairing and Insuring (FRI) lease subject to a schedule of condition until 31 January 2028 at a rent of £9,600 per annum. There is a tenant only break option on 1 February 2026 subject to three months prior written notice.
Offers over £95,000 excluding VAT are sought for our client's heritable interest in the building. A purchase at this level would show a net initial yield of 9.93% after deduction of purchaser's costs and LBTT.
( Agency Pilot Software ref: 51989 )
Location
The property is located on the prime south side of Rosemount Place, a popular suburban shopping/residential area which lies approximately 1 mile north of Aberdeen City Centre. Nearby occupiers include: Rosemount Market, TaxAssist Accountants, Gourmet Cheese Co, Sharps and The Co-Op.
Accommodation
Total 50.07 sq m (539sq ft )
Terms
RATEABLE VALUE The rateable value for the property is £8,500 which means it is well within the threshold for occupiers to benefit from 100% rate relief under the Small Business Bonus Scheme.
TENURE Heritable (Scottish Equivalent of Freehold)
TENANCY The property is let to Fearless Coffee Ltd on Full Repairing and Insuring (FRI) lease subject to a schedule of condition until 31 January 2028 at a rent of £9,600 per annum. There is a tenant only break option on 1 February 2026 subject to three months prior written notice.
ENERGY PERFORMANCE CERTIFICATE (EPC) The subjects have an EPC Rating of D49.
VAT The property has been elected for VAT and it is anticipated that the sale will be treated as a Transfer of Going Concern
Specification
• Small retail / café investment
• Located on the popular Rosemount Place
• Let at a rent of £9,600 per annum until 31/01/2028 (with tenant break option at 01/02/2026)
• Tenant has fitted out the premises.
• Offers over £95,000 exc VAT, reflecting a net initial yield of 9.93%