Our union street logo

164 Union Street

2142  sq ft

Fresh from being spruced up by Our Union Street volunteers, this unit is ready for a new tenant to build their business. Benefiting from a suite of incentives, including potential grant funding and rates relief, this unit would suit retail or food/takeaway, subject to conditions.

  • Monthly Rent:
    £2,708
  • Monthly Rates:
    £986
  • Fresh Start Relief:
    Yes
  • Location:
    Music Hall
Arrange a viewing

At a glance

Busy footfall area
High street retail property
Parking nearby
Class 3 consent

Incentives

Empty shops grant
12-months rate free

About

This property comprises a retail unit forming part of the ground ( 1,151 sq ft) and basement (991 sq ft) floors of a traditional granite building.

The property benefits from a large display window along with a glazed pedestrian door. 

The ground floor is currently stripped out to shell condition, comprising suspended timber floors and bare stone walls. The basement is accessed via a hatch in the floor with the flooring being exposed concrete with the walls having been lined in part.

The property has use Class 1A (Shops and financial, professional and other services). There is a permitted change to Class 3 consent subject to several conditions. Interested parties should make their own enquires with the local planning authority to establish the suitability of their proposed use.

The annual rent on this property is £32,500 ex VAT, which may be applicable. The current annual rateable value is £23,750.

Location

This unit sits between Aberdeen Music Hall and Union Terrace Gardens and benefits from strong footfall throughout the day.

It is surrounded by established high street names, including Lakeland, Caffe Nero, KFC, Santander, Anne Summers and Chaophraya.

There is parking nearby, in Golden Square, and the unit is also located next to one of the city centre's arterial bus routes.

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.

164 Union Street retail
Artist impression: Retail (AI generated)
164 Union Street hospitality
Artist impression: Hospitality (AI generated)

Receive our weekly updates

Sign-up to receive weekly updates from the Our Union Street team.

You can unsubscribe anytime. For more details, review our Privacy Policy.