Union Street, Aberdeen, Aberdeenshire, AB11

Prime High Street Location
Ground & Basement
2,211sq ft
Let to Edinburgh Woollen Mill
Expiry: 1st July 2029 (New Extension)
Passing Rent: £26,875p.a.x.
Price: o/o £240,000

Location

The property is situated on the south side of Union Street within Aberdeen City Centre.

Aberdeen is located approximately 180 km (125 miles) north of Edinburgh and 210 km (145 miles) north east of Glasgow. The city benefits from excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. In addition, the city is connected to the national rail network with direct services to London Kings Cross. Aberdeen International Airport is approximately 9.6 km (6 miles) north-west of the city centre and is used by around 3 million passengers a year for scheduled and charter holiday flights.

Aberdeen City & Shire is the third largest city region in Scotland and home to almost 0.5 million people of which 230,000 live in Aberdeen. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce. Alongside continued investment in energy, life sciences, tourism and hospitability, food, drink and agriculture, digital and the creative sectors are industries
on the rise (Source: Aberdeen City Council).

The Aberdeen economy continues to bounce back from the effects of the recent downturn in the oil and gas industry. Latest evidence of an upturn comes from a new report revealing the Granite City has taken second place for growth across 45 of the country's largest cities. Neighbouring occupiers include Coral, Lakeland, Cafe Nero, K.F.C.

Property

The property comprises the ground and basement floors of a full 4 storey traditional granite development surmounted by a mansard style roof.

The property benefits from a substantial frontage with partially recessed entrance of aluminium framed and glazed construction.

Internally the property is fitted out in accordance with the tenants corporate specifications with linoleum flooring throughout with retailing area at ground floor and staff facilities and stores at basement level, accessed via a single internal staircase. The property also benefits from ceiling mounted air conditioning.

Area

The subjects have been measured on a Net Internal Area basis to extend to the following;

Ground: 145.95sqm (1,571sq ft)
Bsm: 59.46sqm (640sq ft)

Total: 205.41sqm (2,211sq ft)

Lease Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Edinburgh Woollen Mill Ltd
Expiry: 1st July 2029 (recently extended)
Tenant Break: 1st July 2027
Rent: £26,875p.a.x

Price

The property is available on a freehold basis for o/o £240,000

E.P.C.

Available on request

Legal

Each party shall bear responsibility for their own legal costs

V.A.T.

Figures quoted exclusive of V.A.T

Lease & Title

Available on request

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time