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414 Union Street

3584  sq ft

The redevelopment of premium offices blocks in the west end has made the area highly desirable, and this two-storey property will benefit hugely from the regeneration. This property benefits from Class 3 consent, offering a superb cafe, coffee shop or restaurant opportunity.

  • Monthly Rent:
    £2,083
  • Monthly Rates:
    £1,287
  • Fresh Start Relief:
    Yes
  • Location:
    West End
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At a glance

High street retail property
Class 3 consent granted
High footfall office area
West end location

Incentives

Empty shops grant
12-months rate free

About

Occupied until recently by TheWorks.co.uk, this property could soon have a new lease of life as a restaurant or coffee shop serving the Grade A offices which are just across the street.

The property has a prominent frontage comprising a recessed central entrance door with large display windows. 

Internally, the subjects are currently fitted out to provide retail accommodation with the upper floors being used for storage purposes. 

Scotland's biggest solicitor estate agent - Aberdein Considine - occupies a large double unit next door.

The property benefits 12-months rate free due to Fresh Start Relief, and is eligible Aberdeen City Council's Empty Shops Grant Scheme.

The annual rent on this property is £25,000 ex VAT, which may be applicable. The current annual rateable value is £31,000.

Location

The west end of Union Street is thriving once more thanks to two major Grade A office developments - the Silver Fin and the Capitol.

These offices are home to thousands of workers from companies include Shell, RSM Accountants and PwC.

There are three major car parks within short walking distance, and nearby occupiers include Six by Nico, Pret, Cruise, Pizza Express, Starbucks and Soul Bar. There are also a number of thriving independent retailers in this section of the street.

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.

414 Retail Visualisation min
Artist impression: Retail (AI generated)
414 Hospitality Visualisation min
Artist impression: Hospitality (AI generated)

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