TO LETLICENSED LEISURE

OPPORTUNITY

ABERDEEN, AB10 1BD

Description

The subjects comprise the ground and first floor of a former department store which was converted in to a restaurant in 2012. The building is of a traditional granite finish and benefits from an extensive return frontage.

Internally the subjects present very well and remain as a part fitted restaurant for approximately 280 covers.

The floors above the restaurant are in office use.

Accommodation

Location

Aberdeen is Scotland’s third largest city with a resident population of approximately 220,000 persons and regional catchment of over 500,000. It is the administrative capital of the North East of Scotland and benefits from a variety of educational faculties as well as hosting a number of global engineering firms in the oil and gas industry.

The subjects are prominently located on the north side of Union Street immediately to the west of its junction with St Catherines Wynd, in the heart of Aberdeen City Centre. At approximately 1 mile long, Union Street is the city’s main retailing thoroughfare and hosts a variety of retail and leisure uses.

Directly adjacent to the subjects is the newly developed Marischal Square comprising 173,500 sq ft of offices, a 126 bed Residence Inn by Marriott and 28,000 sq ft of leisure space, where occupiers include All Bar One, Prezzo and Costa.

Other nearby operators include VUE Cinema, M&S, Brewdog, Miller & Carter, Optical Express and Toni Macaroni.

MARKET STREET

KIN

G STREET

COLLEGE STREET

SKENE STREET

VIRGINIA STREET

UNION STREET

UNION STREET

BROAD STREET

QUEEN STREET

FLOURMILL LANE

UPPERKIRKGATE

SCHOOLHILL

BON ACCORD SHOPPING

CENTRE

ST NICHOLAS SHOPPING

CENTRE

MARISCHALCOLLEGE

MARISCHALSQUARE

ABERDEEN ART GALLERY

UNIONTERRACE GARDENS

UNION SQUARESHOPPING

CENTRE

ABERDEENTRAIN STATION

FERRY TERMINAL

BUS STATION

Floor sq ft sq m

Ground 3,584 332.96

First Floor 3,961 367.98

Total 7,545 700.94

MarischalSquare

Further InformationFor further information please contact:

Gordon Nicolson0141 548 8064gordon.nicolson@hsaretail.com

Ross Allardice0141 548 8063ross.allardice@hsaretail.com

John Conroy0141 270 3176john.conroy@ryden.co.uk

PROPERTY MISDESCRIPTIONS ACT 1991 [1] The information contained within these particulars has been checked and unless otherwise stated, is understood to be materially correct at the date of publication. After these details have been printed, circumstances may change out with our control. When we are advised of any change we will inform all enquirers at the earliest opportunity. [2] Date of Publication - May 2018. [3] Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. Prospective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. REQUIREMENTS OF WRITING (SCOTLAND) ACT 1995 These details are not intended to form part of a legally binding contract and the correspondence of which it is part is expressly subject to completion of formal legal missives in accordance with Scots law.

1 38 Union Street2 Miller & Carter3 Town House4 Marischal Square Development (Including All Bar One, Prezzo & Costa)5 Bon Accord Shopping Centre6 St Nicholas Shopping Centre 7 M&S8 Vue Cinema9 Ibis Hotel/Pure Gym10 Grosvenor Casino11 The Archibald Simpson Pub12 Marischal College (Aberdeen City Council Offices)13 NCP Car Park14 Brewdog

3

2

4

5

6

7

8

910

11

14

13

12

1

Lease Terms

The subjects are being offered on a long term Full Repairing and Insuring Lease incorporating 5 yearlyrent reviews.

Immediate entry is available upon completion of alllegal formalities.

Rates

We have been informed by the Local Rating Authority that the current Rateable Value of the subjects is £110,000 and the Rates Payable are £54,120. The UBR for 2017/2018 is 46.6p plus a Large Property Supplement of 2.6p.

Rent

Rental offers over £99,500 per annum are invited.

Costs

Each party is responsible for their own professionalcosts incurred in the transaction.

VAT

All rents, prices and premiums etc. are quoted exclusiveof VAT.

EPCEPC Rating = E.Full Energy Performance Certificate available on request.

UNION STREET