Property Information
Address:
Rosemount Place, Aberdeen
, AB25 2XS
Price: Buy: POA
Size: 539 sq ft50 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH688725
Property Ref/Agent: 51989
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 10, 2024
Property description
The property comprises part of the ground floor within a four story and basement building of granite construction with a slate covered roof. Internally, the premises have been fitted out as a café.
The property is let to Fearless Coffee Ltd on Full Repairing and Insuring (FRI) lease subject to a schedule of condition until 31 January 2028 at a rent of £9,600 per annum. There is a tenant only break option on 1 February 2026 subject to three months prior written notice.
Offers over £95,000 excluding VAT are sought for our client's heritable interest in the building. A purchase at this level would show a net initial yield of 9.93% after deduction of purchaser's costs and LBTT.
Located on the popular Rosemount Place
Let at a rent of £9,600 per annum until 31/01/2028 (with tenant break option at 01/02/2026)
Tenant has fitted out the premises
Offers over £95,000 exc. VAT, reflecting a net initial yield of 9.93%
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