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Description

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

***INCOME PRODUCING £50k pa INVESTMENT***Tenanted leisure premises arranged over the lower ground, upper ground floor and part first floor. Tenant keen to extend the lease. ALL RENT IS UP TO DATE.

Let to: OGV Taprooms Limited on a Full Repairing and Insuring Lease which is subject to a Schedule of Condition Current passing rent: £50,000pa. Lease expiry: 17th December 2028

Was sold for over £2 million historically. Lower Ground: 716.7sqm (7,715sq ft) Upper Ground: 827.6sqm (8,908sq ft) First Floor: 260.7sqm (2,806sq ft) Total: 1,805sqm (19,429sq ft)

Lower Ground Bar Comprises a bar area (accessed Windmill Brae) with fitted seating and a bar servery, male and female customer toilets, a commercial kitchen area and cellar areas.

Upper Ground Bar Comprises bar area with numerous seating areas, bar servery areas, store rooms, with male/female customer toilets and office area at first floor level.

***INCOME PRODUCING COMMERCIAL INVESTMENT***Tenanted leisure premises arranged over the lower ground, upper ground floor and part first floor. FRI lease producing £50,000 pa. CITY CENTRE LOCATION Let to: OGV Taprooms Limited on a Full Repairing and Insuring Lease which is subject to a Schedule of Condition Current passing rent: £50,000pa. Lease expiry: 17th December 2028 Area Lower Ground: 716.7sqm (7,715sq ft) Upper Ground: 827.6sqm (8,908sq ft) First Floor: 260.7sqm (2,806sq ft) Total: 1,805sqm (19,429sq ft) Lower Ground Bar Comprises a bar area (accessed Windmill Brae) with fitted seating and a bar servery, male and female customer toilets, a commercial kitchen area and cellar areas. Upper Ground Bar Comprises bar area with numerous seating areas, bar servery areas, store rooms, with male/female customer toilets and office area at first floor level.

The property is located within an established leisure area in Aberdeen city centre, within easy walking distance of Aberdeen railway & bus station and Union Street, which is the city's primary shopping thoroughfare Aberdeen is Scotland's third largest city, with a population of around 230,000 people and is widely regarded as the energy capital of Europe. The city, which is located in the north-east of Scotland, has two universities, with a combined student population of around 30,000 students. The property has access from both Windmill Brae and Bridge Place. Neighbouring occupiers include, Café Boheme, Arik nightclub, Rileys sports bar and vanious takeaways.

Full Address: 17-19 Windmill Brae, Aberdeen, AB11 6HU

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Special Terms of Sale

  • Buyers Fee (?) 1% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 3 Years
Rent: £50,000 per year / £4,167 per month
Yield: 20% (approx)
Tenant: Private Individual
Notes: Let to: OGV Taprooms Limited on a Full Repairing and Insuring Lease which is subject to a Schedule of Condition Current passing rent: £50,000pa. Lease expiry: 17th December 2028

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Pricing Information & Bidding

Opening Bid: £255,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 24 April 2025, 10am-3pm
Type: Timed Online Auction

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