The property comprises a well presented ground floor retail unit located within The Academy Shopping Centre.
Internally, the unit is currently fitted out as a bookstore with good open plan retail space, with an office and storeroom located to the rear.
Toilet facilities are provided within the main shopping centre.
Location
The property is located within The Academy Shopping centre, situated on the corner of Belmont Street and Schoolhill, a short distance from Union Street, Aberdeen’s main commercial thoroughfare. It also lies in close proximity to the Bon Accord Centre and St Nicholas Centre.
Accommodation
The property provides the following accommodation measured on a net internal basis in accordance with the RICS Code of Measuring Practice (6th Edition).
Ground Floor: 91.76 sq m (988 sq ft)
Terms
RATING ASSESSMENT - We understand from the Scottish Assessors that the subjects have a rateable value of £XXX with effect from 1st April 2017.
The Uniform Business Rate for the year 2019/2020 is XXX. Water and waste water charges are also payable.
ENERGY PERFORMANCE CERTIFICATE - The property has an EPC rating of “F”. Further information is available on request.
RENT - Passing rent £XXX pa, exclusive of VAT.
LEASE TERMS - The property is held on a Full Repairing and Insuring lease, limited by way of a Schedule of Condition, which runs until 1st June 2027. There is an option to break in years 5 and 8, upon 6 months prior written notice with a rent review due 31st May 2022. There is also a service charge payable of £XXX pa. Further information can be provided on request.
ENTRY - On conclusion of missives
VAT - All rents are quoted exclusive of VAT.
LEGAL COSTS - Each party will bear their own costs in relation to the transaction. The tenant will be liable to pay any LBTT and registration dues.
Specification
- NIA: 91.76 sq m (988 sq ft)
- Passing Rent: £XXX pa
- Prominent Shopping Centre Location