Address: 132 Union Street
Size: 99.85 m² (1,075 ft²)
Price: £37,500 per annum / £500,000

TO LET / MAY SELL

Location

The subjects are situated on a prominent corner site on the north side of Union Street, Aberdeen's main commercial thoroughfare, at the junction with Belmont Street, another well known pedestrianised street in the city centre.

The subjects are situated directly across from All Saints and Primark, with other retail occupiers in the vicinity including Barclays, Millets, Boots, Nationwide, HMV, Beaverbrooks and McDonald's.

Belmont Street is popular with both local and national pub and nightclub operators, with surrounding occupiers including Slains Castle, The Hogshead, The Wild Boar, Revlution, Revolucion de Cuba and Siberia.

Description

The subjects comprise the ground floor and basement within a four storey and attic traditional granite building.  The subjects benefit from a corner entrance and large, return window frontage with attractive banded piers.  The accommodation provides an open plan sales area on the ground floor with storage and ancillary accommodation in the basement.

Accommodation

The subjects have been measured in accordance with the RICS Code of Measuring Practice 6th Edition on a net internal basis (NIA) and extend to the following approximate areas:

Ground Floor:          69.61 m²          749 ft²
Basement:                 30.24 m²          326 ft²
Total:                            99.85 m²      1,075 ft²

Lease Terms

Our clients are seeking to lease the subjects on a Full Repairing and Insuring basis for a period to be agreed.  Any medium to long term lease will provide for upwards only rent reviews at periodic intervals.

Rent

£37,500 per annum, exclusive of VAT.

Price

Our client may also consider a sale of their heritable interest (Scottish equivalent of English Freehold).  Offers in the region of £500,000 are invited.

Rateable Value

£47,000, effective from 1 April 2017.

Entry

Immediately upon conclusion of legal missives.

EPC

An EPC for the unit is available on request.

Legal Costs

Each party will be responsible for their own legal costs in relation to the transaction.  The ingoing tenant or purchaser will be responsible for any LBTT and Registration dues, if applicable.

VAT

All figures quoted are exclusive of VAT.

Viewing & Further Information

For further information and viewing arrangements please contact the joint marketing agents.