PRIME CITY CENTRE LOCATION
PROMINENT FRONTAGE
HELD ON F.R.I LEASE
LET TO: CORAL RACING LIMITED
EXPIRY: 27th February 2026 (Lease Extended)
PASSING RENT: £32,400p.a.x
PRICE ON APPLICATION
Location
The subjects are located within the heart of Union Street, adjacent to one of its principal junctions Union Terrace/Bridge Street. Aberdeen Bus and Rail Stations, Union Square and Trinity Shopping Centre are all within easy walking distance of the property.
Historically a retail dominant location, several new developments have been constructed providing a mixture of uses within Union Street including retail, licensed, office, residential and hotels. Other nearby occupiers include Travelodge, Chaophraya, Mercure Caledonian Hotel, PWC, and Barclays Bank
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.
Property
The property comprises a ground floor retail unit set within a larger 3 storey commercial development of traditional granite construction, surmounted by a mansard roof overlaid in slate and felt.
The subjects benefit from a glazed frontage with access via a partially recessed door leading to an open plan sales area. Internally the property has been decorated in accordance with Coral Racing corporate specification with floors being overlaid in commercial carpet, lighting is provided by way of halogen spots, recessed within the acoustic tile ceiling.
Staff facilities and customer w.c’s are situated to the rear of the demise.
Area
The property has been measured on a net internal area basis and have been calculated to offer the following floor area:
Ground: 125.4sqm (1,350sq ft)
I.T.Z.A: 72.56sqm (781sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Coral Racing Limited
Expiry: Lease extend up til 27th February 2026
Passing Rent: £32,400p.a.x
Type: Full Repairing & Insuring
Coral Racing Limited is a U.K headquartered bookmakers as part of Ladbrokes Coral (GVC Holdings) with over 1,500 stores throughout the U.K.
Price
On Application
V.A.T
The property has been elected for V.A.T as such the transaction will he treated as a transfer of a going concern (ToGC)
Lease & Title
Available on request
Legals
Each party shall bear their own legal costs incurred in the transaction
E.P.C
Available on request
Viewing
Viewings of the customer areas can be carried out during normal opening hours however no approach is to be made to staff. Further viewings can be arranged via the marketing agent.