At a glance
Incentives
About
This unit comprises a ground floor retail unit (957 sq ft) with basement storage (364 sq ft) which is contained within a traditional, mid-terraced five-storey granite building.
The property offers a fantastic opportunity for retail, leisure or hospitality subject to planning permission. It also benefits from Fresh Start Relief, which means no business rates for the first 12-months of occupation.
The ground floor accommodation comprises a main sales area with a storage cupboard to the rear. The basement is accessed via the stairs at rear of the property benefitting from a manager’s office, ample storage space, staff area with small tea prep and single WC.
The annual rent for this property is £27,500 ex VAT, which may be applicable. Effective from 1st April 2026, the annual Rateable Value according to the Scottish Assessors’ Association is £34,500.
Location
The property is prominently located on central Union Street, close to its junction with Market Street. The unit is directly opposite what is recognised as the prime pitch of Union Street, and is anchored to the east by the St Nicholas and Bon Accord shopping centres, the Trinity Centre to the west, and Union Square to the south.
Surrounding occupiers comprise a mix of retail, professional services and leisure use and include Timpson, Black Sheep Coffee, Peterkins, Sports Direct, Virgin Money, HSBC, McDonald’s and Taco Bell.
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.
UP TO £70,000 GRANT
This property could be eligible for Aberdeen City Council’s Enhanced Support Grant Scheme where additional funding of up to £70,000 (on a match funded basis) has been made available through the existing grant scheme to target intervention and support units larger than 3,000 square feet or long-term vacant commercial units, which have been unoccupied for more than three years. This enhanced award will be available as a pilot initiative in 2026/27 to address specific barriers to reoccupation of such units, including higher renovation costs and limited demand.
This fund will support project costs for eligible internal physical works and reconfiguration of ground floor vacant Union Street units to enable reoccupation, new commercial activity and support new employment opportunities.
More information is available on Aberdeen City Council's website here with further guidance here, or you can contact unionstreet@aberdeencity.gov.uk
