Property for sale

Union Street, Paddy Power Investment, Aberdeen AB11

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0141 433 6645

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0 bath

Property description & features

Status: Available
Type: Commercial
Ownership: Freehold
Occupation: Tenanted
AUCTION DATE: 28 November 2024

The property comprises a mid-terraced retail space within a mixed use development of traditional granite construction surmounted by a pitched roof. Benefitting from a prominent frontage, the property offers dual display windows flanking the partially recessed frontage of aluminium framed and glazed construction. Internally the property is fitted out in accordance with the tenants corporate specifications with floors overlaid in laminated timber with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. The property has been partitioned to offer customer w.c and staff counter, with the basement floor accessed via a single staircase to the rear of the demise. The basement offers staff facilities, office and stores Area The property has been calculated to extend to following internal area; Ground: 101.64sqm (1,094sq ft) 1st: 87.89sqm (946sq ft) Total: 189.53sqm (2,040sq ft) Executive Summary The property is held on a full repairing and insuring head lease on the following terms; Tenant: Power Leisure Bookmakers Ltd t/a Paddy Power Expiry: 18th November 2027 Passing Rent: £35,000p.a.x Covenant: Power Leisure Bookmakers Limited Power Leisure Bookmakers Limited are a subsidiary of FTSE 100 Listed Flutter Entertainment plc. Flutter owns a number of the world's best known entertainment and gaming brands. Founded in 1988 Power Leisure currently trade from over 600 shops in the UK and Ireland. V.A.T The vendor has opted to waive their option to tax, as such the transaction will be treated as a transfer of a going concern

Auction Details
28 November 2024, 10am-3pm
Timed Online Auction

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Property reference 13863721. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Future Property Auctions - Glasgow.

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