Address: 132 Union Street
Size: 1,075 ft² (99.85 m²)
Price: £On Application

 City Centre Retail Unit Occupying Prominent Corner Location

 

 

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, Revolution, 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

Floor

sq. m

sq. ft

Ground

69.61

749

Basement

30.24

326

TOTAL

99.85

1,075

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/Price

On application

VAT

All figures quoted are exclusive of VAT

Entry

On conclusion of legal missives.

Rateable Value

£47,000, effective from 1 April 2017

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.

Money Laundering Regulations

To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding.  Applicable documentation will therefore be required on agreement of Heads of Terms.

Viewing/Further Information

Strictly by appointment through the joint letting agents.