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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

TENANTED INVESTMENT OPPORTUNITY*** Currently LET on FRI LEASE at £12,000 PER ANNUM, Pizza/Kebab hot food, located within Fraserburgh Town Centre. Fantastic city centre location with excellent tenant.

**CLASS 3 HOT FOOD TAKE-AWAY CONSENT** Popular & busy Pizza and Kebab shop in a prime trading location within popular town of Fraserburgh. SUPER TRADING POSITION on busy plot highly visible frontage.

PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** excellent yield producing £12,000 per annum on a long lease. CLASS 3 food & drink

Internally the space is split to give a large open restaurant / takeaway area with fixed counter, cooking area and to the rear are several prep and storage areas together with two WC's. RV: £13,250

Fraserburgh is located approx. 40 miles north of Aberdeen and 17 miles north of Peterhead. The town is the second largest in Aberdeenshire with a population circa 13,000.

TENANTED INVESTMENT OPPORTUNITY*** Currently LET on FRI LEASE at £12,000 PER ANNUM, Pizza/Kebab hot food, located within Fraserburgh Town Centre. Fantastic city centre location with excellent tenant. **CLASS 3 HOT FOOD TAKE-AWAY CONSENT** Popular and busy Pizza and Kebab shop in a prime trading location within ever-popular town of Fraserburgh. SUPER TRADING POSITION on busy plot with highly visible frontage. Internally the premises have been fitted out to a high standard in accordance with the tenants specifications. Ground floor of a two storey and attic, traditional property of granite stone construction with a pitched and slated roof over incorporating dormer windows. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £12,000 per annum on a long lease. CLASS 3 FOOD AND DRINK. Internally the space is split to give a large open restaurant / takeaway area with fixed counter, cooking area and to the rear are several prep and storage areas together with two WC's. To the rear are two single store extensions - one of pointed blockwork and one harled. Both have flat mineral felt roof over. Internally the space is split to give a large open restaurant / takeaway area with fixed counter, cooking area and to the rear are several prep and storage areas together with two WC's. 143.5 sq m, 1,545 sq ft. Property will be subject to VAT.

Fraserburgh is located approx. 40 miles north of Aberdeen and 17 miles north of Peterhead. The town is the second largest in Aberdeenshire with a population circa 13,000.

Full Address: 75-77 Broad Street, Fraserburgh, Aberdeenshire, AB43 9AS

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 years
Rent: £12,000 per year / £1,000 per month
Yield: 17% (approx)
Tenant: Private Individual
Notes: 10 years lease, £1000 per month no breaks £5,000 deposit retained by solicitor.

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Pricing Information & Bidding

Opening Bid: £72,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 09 January 2025, 10am-3pm
Type: Timed Online Auction

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