Restaurant and Takeaway Investment

Key Information

• Includes well established restaurant 8848
• Takeaway on Langstane Place
• Offers in the region of £425,00 exc.
• Net Initial Yield of 11.30% on contractual rent
• Total contracted rent of £50,000 per annum

Property Description

347 Union Street The subjects are arranged over basement, ground floor and first floors and currently trading as an Indian and Nepalese restaurant known as 8848. The property benefits from large display windows fronting Union Street with a central access door. The ground floor is configured to accommodate the main dining area providing approximately 50 covers, together with a waiting area, bar servery and kitchen towards the rear. The first floor is accessed from the restaurant and provides storage accommodation, together with a function room with a small bar servery and male and female customer WC facilities. The basement is configured to provide a cellar, stores, small office and more W.C's. 48 Langstane Place The subjects comprise a ground floor hot food takeaway unit contained within a three storey, attic and basement tenement of traditional pointed stone construction, held under a pitched slate roof. The unit trades as Chillis Takeaway and is configured to provide a small servery to the front and kitchen to the rear.

Aberdeen is Scotland's third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. Its status as the Energy Capital of Europe has been established for over 40 years and this is set to continue with a new wave of investment into all types of renewable energy, utilising its skilled workforce and onshore/offshore infrastructure. The property is located on the north side of Union Street, the city's principal retail thoroughfare, occupying a prominent position West of Bon Accord Street. This is an established location with several bars and restaurants trading at this side of Union Street, with significant footfall generated from nearby major office developments. Other businesses within the vicinity of the subjects include Soul Bar, Pret A Manger, Vovem, Six by Nico, Pizza Express, Amarone and Cafe Andaluz.