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BREWDOG INVESTMENT - TOWN CENTRE PETERHEAD - 19YEARS UNEXPIRED - NO BREAKS

For sale: POA|1145 Sq Ft|Retail, Retail - High Street, Retail - Out of Town, Pubs/Bars/Clubs, Restaurant/Cafes, Licensed & Leisure

PROPERTY DETAILS

FOR SALEPOA
SIZE1145 Sq Ft
ADDRESSBrewdog, 59-61 Marischal Street, Peterhead, Aberdeenshire, AB42 1PR
TYPERetail, Retail - High Street, Retail - Out of Town, Pubs/Bars/Clubs, Restaurant/Cafes, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON2nd October 2020

DESCRIPTION

Prime Commercial Position
Fully Renovated
Let to: Brewdog Retail Limited
Expiry December 2038
No Breaks
Passing Rent: £15,000p.a.x
Fixed Increase In Yr 5 to £17,500p.a.x.
Freehold: £215,000

Location
The property is situated on the south side of Marischal Street, within the “Drummers Corner” commercial centre of Peterhead. Peterhead is located approximately 32 miles north of Aberdeen on the A92 linking through to Fraserburgh.  The town has a resident population of circa 24,000 persons and enjoys a strong catchment given the drive time to Aberdeen.  Traditionally focused on the fishing industry, Peterhead acts as a major service centre for the fishing, oil and gas industry. Neighbouring occupiers include Superdrug, W H Smith, H Samuel, Argos and New Look together with a number of local traders.

Subjects

The property comprises a ground floor public house surmounted by a pitched roof with access to the rear via Maiden Street. The subjects benefit from a full renovation by the sitting tenant to their corporate specification, with granite bar top, polished hardwood flooring, pendent lighting, a mixture of loose and fixed booth seating along with male, female and disabled w.c facilities.


Area

The property has been measured on a gross internal area basis to offer the following;

Ground Floor:  106.37sqm (1,145sq ft)

Executive Summary

The property is held on a full repairing and insuring head lease on the following terms:

Tenant: Brewdog Retail Limited
Expiry: December 2038
Breaks: None
Passing Rent: £15,000p.a.x.
Review: every 5th anniversary with fixed increase in December 2023 to £17,500p.a.x.

Price

Our client would dispose of their freehold interest for £215,000

VAT
Figures quoted are exclusive of V.A.T. We understand our client opted to waive their option to tax.

E.P.C

Available on request

Viewing

By appointment via the marketing agent

Legal

Each party shall bear their own legal costs incurred in the transaction

Title

Available on request

LOCATION

Location: Brewdog, 59-61 Marischal Street, Peterhead, Aberdeenshire, AB42 1PR
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