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47 Union Street

1090  sq ft

A fantastic high street unit offering an excellent open plan space which is perfect for retail or leisure. This unit is located towards the east side of Union Street, near Market Street and the historic Castlegate. It is surrounded by residential property and businesses, with the city's premium Grade A offices just around the corner on Broad Street.

  • Monthly Rent:
    £1,333
  • Monthly Rates:
    £768
  • Fresh Start Relief:
    Yes
  • Location:
    East End
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At a glance

12-months rate free
High street retail property

Incentives

Empty shops grant
Low business rates

About

If you are looking for a low-cost unit with a great Union Street frontage and surrounded by businesses and offices, then 47 Union Street might be the unit for you.

The unit is based on the ground floor and offers a fantastic open plan space, two partitioned offices, a small tea prep area and benefits from Cat 2 lighting throughout. 

The upper floors are used as residential accommodation and are separately demised. The unit also sits next to a bus stop utilised by many of the city's arterial public transport routes.

The annual rent on this property is £16,000. The current annual rateable value is £18,500.

Location

The property is located on the south side of Union Street, Aberdeen’s main commercial thoroughfare, close to its junction with Market Street.

The unit also benefits from being nearby to the St Nicholas and Bon Accord shopping centres, with the Trinity Centre to the west and Union Square to the south.

Surrounding occupiers comprise a mix of professional services, retail and leisure use and include Greggs, Virgin Money, William Hill, Sports Direct, The Esslemont Bar and Restaurant and Miller & Carter. Aberdeen City Council's headquarters is also nearby.

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.

If this property will be your sole business property, you may be eligible for further rates relief under the Small Business Bonus Scheme. The letting agent will explain this further.

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

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