363 Union Street

363 Union Street
£ 140,000 / annum

Published on July 18, 2013

Building:
Former Bruce Millers
Address:
363 Union Street
Postcode / City:
AB11 6BN Aberdeen
Type:
SOLD
Info PDF:
Download
Square Feet:
28,232

Description

Substantial West End Retail Property With Ancillary Accommodation

The property occupies ground and upper floors within a part three storey and basement, part four storey

building of primarily granite construction with a mixture of flat mineral felt, metal cladding and slate roofs.

LOCATION

The property is located on the south side of Union Street, Aberdeen’s principal shopping thoroughfare, and close to the west end office sector.

Aberdeen is Scotland’s third city with a population in excess of 210,000, a total catchment of 500,000 and boasts one of the most dynamic economies within the UK.

The site is as shown on the plan opposite for identification purposes only and highlights nearby occupiers such as, Waterstones, Thomas Cook, Natwest Bank, Nationwide Building Society, Toni and Guy and La Tasca.

ACCOMMODATION

The following accommodation is provided measured on a net internal basis:

    Net Internal Area
Ground Floor    
Main sales area   (346.8m2) 3,733 sq ft
Side sales   (283.4m2) 3,050 sq ft
Rear stock room, loading bay and garaging   (274.1m2) 2,950 sq ft
First Floor    
Sales and former coffee shop   (499.4m2) 5,376 sq ft
Staff / preparation areas   (68.1m2) 733 sq ft
Front offices   (114.5m2) 1,233 sq ft
Second Floor    
Stock rooms   (353m2) 3,800 sq ft
Studio   (67.4m2) 726 sq ft
Offices   (202.7m2) 2,182 sq ft
Third Floor    
Store and repair workshops   (234.9m2) 2,528 sq ft
Fourth Floor    
Rehearsal rooms and repair workshops   (178.5m2) 1,921 sq ft
TOTAL   (2,622.8m2) 28,232 sq ft


SERVICES

All mains services are installed. Heating is provided by gas fired system and cooling is also provided to the main sales areas.

RATING ASSESSMENT

The property is entered in the current valuation roll as follows:

Net & Rateable Value – £118,000

The Uniform Business Rate for the year 2011/2012 is 43.3p in the £.

RENTAL

£140,000 per annum, exclusive.

LEASE TERMS

The property is offered on a new full repairing and insuring lease for a minimum period of 10 years incorporating five yearly rent reviews.

V.A.T.

All figures quoted are exclusive of Value Added Tax.

ENTRY

Immediately upon completion of legal formalities.

GENERAL REMARKS

Consideration will be given to sub-division of the property and an indication of rental can be provided by contacting the Agents.

LEGAL COSTS

The ingoing tenant will be responsible for all legal costs incurred in the preparation of a lease including SDLT and registration dues in the normal manner.

OFFERS & VIEWING

All offers should be submitted to the sole agents who will also make arrangements to view on a strictly by appointment basis.

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