Page 24 - Shepherd Commercial Auctions - Catalogue 22/02/2024

Lot 20 75-77 Broad Street, Fraserburgh, Aberdeenshire AB43 9AU Hot Food Takeaway Investment
Features
• Passing rental £10,000 per annum • Lease expiry 30th June 2033
• 143.53 sq. m. (1,545 sq. ft.)
Description
The subjects form the ground floor of a two storey and attic, traditional granite and slate premises. To the rear are two single storey extensions with flat felt roofs. The premises benefit from large window display with a central recessed doorway​.
Internally the space is split to provide a large open restaurant/takeaway area with fixed counter, cooking area and to the rear are several prep and storage areas together with two wcs.
Location
Fraserburgh is located approximately 42 miles north of Aberdeen. The town serves as a major employment and service centre with the towns economic base being dominated by fishing and its associated businesses and industries. The population of Fraserburgh is approximately 12,500.​​
The premises themselves are located on the east side of broad street between its junctions with commerce street and frithside street. ​
There is a range of local and national operators present within the town and include boots, card factory, Santander, cancer research, semi-chem and Specsavers.​
Energy Performance Rating The property has an energy rating of G.
Tenancy
The subjects are let on full repairing and insuring terms subject to a schedule of condition from 1st July 2023 for a period of 10 years. The passing rent is £10,000 per annum with a provision within the lease for upward only rent reviews on a 3 yearly basis.
Further information on lease terms are available within the legal pack
It is anticipated that there is potential to increase the rent at the rent review in 2026, further information available is available upon request.
*Guide Price £99,500 plus VAT (plus fees if applicable)
24 * Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,400 inc VAT(£2,000 plus VAT).