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125 Union Street

4124  sq ft

This unique upper floor shop opens out on to Union Street and the property qualifies for Fresh Start Relief, meaning an incoming tenant will pay no business rates for the first 12-months of their tenancy. The owner would also consider selling this property for £275,000.

  • Monthly Rent:
    £2,083
  • Monthly Rates:
    £1,193
  • Fresh Start Relief:
    Yes
  • Location:
    Central
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At a glance

High street retail property
Busy footfall location

Incentives

Empty shops grant
12-months rate free

About

This unique unit offers a Union Street frontage leading up to prime retail space in the heart of the Granite Mile.

The property comprises a first and second floor retail unit, with pedestrian access from ground floor level via stairs or a customer lift.

Internally, the first floor provides open plan retail space finished to a modern standard, with a separate area partitioned for use as changing rooms. 

The second floor provides further accommodation fit for storage purposes, as well as staff room facilities. 

The unit would be suitable to continue use for retail purposes, or subject to planning, could also be a prime leisure opportunity.

Annual rent on this property is £25,000 ex VAT, which may be applicable. The current annual rateable value is £28,750.

Location

The unit is situated within the prime section of the street between the junctions of Bridge Street and Market Street with surrounding occupiers including McDonalds, Taco Bell, Primark and JD Sports.

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.

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

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