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105 Union Street

2086  sq ft

With £100million being invested on the streets and buildings around it, this prime retail unit is ideally placed to benefit from the regeneration of Union Street over the next few years. It is a popular spot, with national occupiers such as Primark, Beaverbrooks, JD Sports, McDonalds, Taco Bell, Popeyes, HSBC and Nationwide nearby.

  • Monthly Rent:
    £3,333
  • Monthly Rates:
    £1,515
  • Fresh Start Relief:
    Yes
  • Location:
    Central
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At a glance

Prime central location
Potential takeaway
Busy footfall area
In good condition

Incentives

Empty shops grant
12-months rates free

About

This prime ground and first-floor retail unit sits at the heart of where £100million is being invested to regenerate Union Street.

The property - recently vacated by a large high street technology retailer - qualifies for Fresh Start Relief, meaning an incoming tenant will pay no business rates for the first 12-months of their tenancy.

As well as being in good condition, the unit also benefits from two large display windows with a recessed customer entrance. 

An application has been submitted for takeaway use, which would open the unit up to a number of other potential occupiers.

The annual rent on this property is £40,000 ex VAT, which may be applicable. The current annual rateable value is £36,500.

Location

Situated within the central stretch of Union Street, this unit is located between the junctions of Bridge Street and Market Street. 

Nearby is The Trinity Shopping Centre which provides parking provisions and the newly refurbished Union Terrace Gardens is across the road.

Aberdeen's new £30million international street food market, which is under construction, is also located close by.

Additional Notes

If you are a Small to Medium Sized Enterprise (SME) you could also qualify for a Business Energy Scotland cash-back grant of up to £30,000 if you are installing energy efficiency or renewable heat measures.

105 Union Street Retail
Artist impression: Retail (AI generated)
105 Union Street Hospitality
Artist impression: Hospitality (AI generated)

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