Aberdeen is Scotland's third largest city and is the major retail and administrative hub for the North East of Scotland, with a shopping catchment in excess of 400,000 people.
The subjects occupy a prominent position overlooking Shiprow, which connects to Trinity Quay at Aberdeen Harbour to the south and Union Street to the north within the heart of Aberdeen City Centre.
Aberdeen train station, the main bus terminus, Union Square and Bon Accord/St Nicholas Shopping Centres are within a short walking distance of the subjects.
Nearby commercial occupiers include IBIS Hotel, Pure Gym, Lane 7, Grosvenor Casino, a 7 screen Vue Cinema, Brew Dog, Fierce Bar/Restaurant, Job Centre Plus, and the Tilted Wig Public House. An NCP multi level car park is located adjacent.
Nisbets is situated within City Wharf, which is a prime retail and leisure destination. The premises have traded as Nisbets for many years and provide a fully fitted retail unit, with an excellent glazed frontage onto Ship Row.
Given that the premises are fitted, there will be a low conversion cost for refurbishment to either another retail user or, alternatively, for use as a bar/restaurant.
The floor space is significant, enabling the unit to be suitable for a large bar/restaurant, but also suitable for general leisure use and, of course, large retail users.
We estimate that the premises have a total ground floor net internal area of 627.20 sq. m. (6,751 sq. ft.).
Service charge information is available on request.
The current Rateable Value is £52,000 per annum. The Rateable Value will reduce to £43,250 from the 1st April 2023.
Each party will be responsible for their own legal costs incurred in the transaction.
A new long term lease is available. The terms of the lease are negotiable. The initial rental has been set at Offers Over £55,000 per annum. Landlord incentives may be available dependent on the quality of the incoming tenant covenant.
The unit has an Energy Performance Rating of C.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.
For an appointment to view, please contact the joint agents:
Peter Darroch on 07901 001 311
T: 07901 001 311
Sims Property Consultants
T: 07590 485 299
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