The premises comprise a double fronted retail unit over ground and basement floors within a larger four storey traditional granite and slate Grade B listed building.
Internally the property offers open plan retailing space decorated to a high standard in the tenants’ corporate specifications. Access to the basement is gained via a single staircase to the rear of the demise, providing stores, staff tea prep and staff w.c facilities.
Location
The premises are located on the south side of Union Street, Aberdeen’s main shopping thoroughfare, between Bridge Street and Crown Street. This is a long established retailing location with significant footfall generated from nearby office developments.
Nearby occupiers include Santander, Geek Retreat, Ann Summers, British Red Cross, Barclays, and Boots. The premises is also situated close to Union Terrace Gardens which has just re-opened after a £28.3m refurbishment.
Accommodation
The premises extend to the following approximate areas:
Ground Floor: 1,094 sq ft / 101.64 sqm
Basement: 946 sq ft / 87.89 sqm
Terms
Tenancy - Let to Power Leisure Bookmakers Ltd t/a Paddy Power until 18th November 2027 on a FRI lease. The passing rent is £35,000pa.
Power Leisure Bookmakers Ltd are a subsidiary of FTSE 100 listed Flutter Entertainment plc. Flutter owns a number of the worlds best known entertainment and gaming brands. Founded in 1988 Power Leisure currently trade from over 600 shops in the UK and Ireland.
Price - Guide Price - £320,000 - £350,000
EPC - On application
Legal Costs - Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Specification
- Attractive City Centre Investment Let to Power Leisure Bookmakers Ltd t/a Paddy Power
- Rent: £35,000 pa
- Expiry 18th November 2027
- FRI lease
- Guide Price £320,000 - £350,000