Pub in Peterhead
59-61 Marischal Street, Peterhead, AB42 1PR
- Lot No: 13
- Property Type: Pub
- Contract Type: Unconditional Sale
Guide Price* plus fees
FOR SALE BY AUCTION ON 9TH DECEMBER 2020 A ground floor public house surmounted by a pitched roof with access from the rear at Maiden Street. The subjects are in the final stages of an extensive refurbished including new frontage, interior fit-out, new kitchen and open plan seating. The property is let to Brewdog Retail Ltd expiring 2038 (no breaks) producing an income of £15,000 increasing to £17,500 per annum. Approximate Net Internal Area of 106.37 sq m. (1,145 sq. ft).
The property is presented to Brewdog’s corporate specification including traditional rustic timber flooring, polished aluminium bar, exposed brick and steel works. A new frontage has been installed comprising large display window or aluminium frame double glazed with entrance via twin aluminium framed glazed doors.
A common rear service yard/ car park for up to 17 cars with access from the rear also via Maiden Street.
Situated on the South side of Marischal Street, West of its junction with Erroll Street and Love Lane within Peterhead town centre. The street is the prime retail and leisure destination with Marischal Street itself being pedestrianised. Neighbouring retailers include W.H. Smith, New Look and Argos with a new 5 screen cinema also being immediately adjacent the premises further enhancing the area as a leisure destination.
The property is let by way of new full repairing and insuring lease on the following terms; Tenant – Brewdog Retail Ltd Expiry – December 2038 Tenant Break - None Passing Rent – £15,000 p.a.x Rent Review – A rent review will take place in 5th year with fixed increase to £17,500 p.a.x Tenant Information: Brewdog is an international Brewery & Pub chain founded in Ellon, Scotland in 2007, the private equity firm, TSG Consumer Partners acquired a 22% share of Brewdog for £213m valuing the business in excess of £1bn. Brewdog operates 50 bars in the U.K with a further 24 internationally with that number steadily growing. Brewdog Retail Ltd was incorporated in November 2010 for the principal activity of operating bars. During 2019 alone a further 8 sites were opened.
The buyers fee on this lot is £1,074 inc VAT.
Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
See Legal Pack
- Buyer’s Fee- payable on exchange of contracts. This is listed within the property details.
If you have any questions, call our team on 0333 016 4000