263 Union Street

263 Union Street
£40,000 / annum

Published on November 4, 2020

Building:
263 Union Street
Address:
Union Street
Postcode / City:
AB11 6BR Aberdeen
Type:
TO LET (MAY SELL)
Info PDF:
not available
Square Feet:
4,819

Description

RETAIL UNIT TO LET (MAY SELL)

The property occupies part of the ground floor and basement floors within a three storey mansard attic and basement building of substantial granite and slate construction. There is also a two storey  and basement extension of similar construction.

LOCATION

The property is located on the south side of Union Street, Aberdeen’s principal retail thoroughfare, and nearby occupiers include Cruise, Trail Finders, Skin and Amarone Restaurant.

Aberdeen is Scotland’s third city with a population in the region of 228,000, a catchment of around 500,000 and boasts one of the most dynamic economies within the UK.

ACCOMMODATION

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

Net Internal Areas
Ground Floor
Main sales area, staff
208.38 m2 (2243 sq ft)
Basement
Storage, staff, toilets  
239.32 m2 (2576 sq ft)
Total                                             447.7 m2 (4,819 sq ft)            

SERVICES

All mains services are installed.

RATING ASSESSMENT

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

Net & Rateable Value – £46,500

The Uniform Business Rate for the year 2020/2021 is 49.8p in the £.

LEASE TERMS

The property is available on a new Full Repairing and Insuring Lease for a period to be negotiated incorporating periodic upward only rent reviews.

TENURE

Freehold.

RENTAL

£60,000 per annum, exclusive – reduced to £40,000 per annum.

PRICE

Alternatively our clients may consider a sale of the property. Price on application.

ENTRY

On completion of legal formalities.

EPC

This property has an Energy Performance Rating of G. Further details on request.

VAT

All figures quoted are exclusive of Value Added Tax.

LEGAL COSTS

Each party will be responsible for their own legal costs in connection with the transaction with the ingoing tenant/purchaser liable for LBTT and registration dues in the normal manner.

OFFERS & VIEWINGS

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

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