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CITY CENTRE PUBLIC HOUSE / DEVELOPMENT OPPORTUNITY - HOLBURN STREET ABERDEEN

For sale: POA|To rent: ROA|4,794 Sq Ft|Flat, Leisure Property, Pubs/Bars/Clubs, Healthcare, Mixed Use, Showroom, Residential, Licensed & Leisure, Other Property Types & Opportunities

Property details

FOR SALEPOA
TO RENTROA
SIZE4,794 Sq Ft
ADDRESSThe Malt Mill, 82 Holburn Street, Aberdeen, Aberdeenshire, AB10 6BY
TYPEFlat, Leisure Property, Pubs/Bars/Clubs, Healthcare, Mixed Use, Showroom, Residential, Licensed & Leisure, Other Property Types & Opportunities
TENUREDevelopment Opportunity, To Let, For Sale Freehold
POSTED ON1st January 2022

Description

West End Location
Former Public House & Live Music Venue
Consent For Change To Members Club
Ground, Lower & Bsm
4,794sq ft
Dedicated Parking
Rent: £20,000p.a
Sale: O/O £145,000


Location

The property is situated on the west side of Holburn Street, in the heart of Aberdeen’s popular West End, near its junction with Ashvale Place. Access to part of the basement (in its current configuration) can also be taken from Union Glen. The central location offers fantastic connectivity to public transport and local amenities. Union Street, the city’s principal thoroughfare, is also within a short walking distance.

Aberdeen is located approximately 180 km (125 miles) north of Edinburgh and 210 km (145 miles) north east of Glasgow. The city benefits from excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. In addition, the city is connected to the national rail network with direct services to London Kings Cross. Aberdeen International Airport is approximately 9.6 km (6 miles) north-west of the city centre and is used by around 3 million passengers a year for scheduled and charter holiday flights.

Aberdeen City & Shire is the third largest city region in Scotland and home to almost 0.5 million people of which 230,000 live in Aberdeen. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce. Alongside continued investment in energy, life sciences, tourism and hospitability, food, drink and agriculture, digital and the creative sectors are industries
on the rise (Source: Aberdeen City Council).

The Aberdeen economy continues to bounce back from the effects of the recent downturn in the oil and gas industry. Latest evidence of an upturn comes from a new report revealing the Granite City has taken second place for growth across 45 of the country's largest cities.


Property

The property comprises of a former bar and music venue, The Malt Mill, which is arranged over ground, lower ground and basement floors. The property has been substantially stripped, offering a “blank canvass” for potential redevelopment. The property also benefits from a car
parking space at the rear.

Planning permission was recently granted for a partial change of use of the lower ground and basement floors to form a Private Members Club (Planning Ref 191877/DPP) granted on 2nd March 2020 and previously to form four, two-bed flats. The subjects would be suitable for redevelopment to a variety of uses, subject to planning.

Area

The property has been calculated on a gross internal area basis to offer the following floor areas;

Ground: 73.09sqm (787sq ft)
Lower: 204.79sqm (2,204sq ft)
Bsm: 167.49sqm (1,803sq ft)

Total: 445.37sqm (4,794sq ft)

NAV/RV

The property will require to be reassessed upon completion of fit-out works.

Rent

Our client is offering the property on a new full repairing and insuring head lease for a negotiable term for £20,000p.a

Sale

The property is available on a freehold basis for o/o £145,000

V.A.T

Prices quoted are exclusive of V.A.T

E.P.C

Available on request

Legal

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

Title

Available on request

LBTT & Registration Dues

The tenant / purchaser shall be responsible for any LBTT or Registration Dues incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.

Location

marker
Location: The Malt Mill, 82 Holburn Street, Aberdeen, Aberdeenshire, AB10 6BY

Aberdeen (0.6 miles)

Dyce (5.4 miles)

Portlethen (5.5 miles)

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