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Marketed by
520 Union Street 520 Union Street, Aberdeen, AB10 1TT
Use Class
E
Size
976 sq ft
Price
£195,000
Market Sector
High Street Scheme
Key Features
Well configured shop unit in popular West End location
Parking at rear
No VAT payable
Description
The subjects comprise part of the ground floor of a 4 storey traditional granite built property having a pitched and slated roof incorporating dormer windows. There is a 3 storey extension to the rear. An exit from the unit gives access to a small shared car park. The upper floors are in residential use. An attractive modern fully glazed frontage is installed. Internally the property is fitted out as a hair salon together with staff facilities. There is hatch access to a basement.
Location
The property is located on the North side of Union Street at its Western end, close to the West End office area. The location is dominated by a mixture of independent and national occupiers, those closeby include Tesco, Sainsbury’s, 474 By Cup, Aberdeen Whisky Shop and Duncan & Todd opticians.
Accommodation
976 Sq.Ft
The subjects have been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) and the following approximate Net Internal Area derived:
Downloads
Financial
Lease Term
The property is let to Smeddum Limited trading as Adder Freelance Studio for a period of 10 years from 1st September 2025. The lease is on full repairing and insuring terms and incorporates a tenant only break option as at 31st August 2030. There is a rent review at the end of the 5th year. The current rent is £20,000 pa. The landlord holds a rent deposit.
Rent
Subject to contract, rental offers are invited in the region of £20000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Costs
Each party will bear their own legal costs incurred in the transaction. The occupier will be responsible for any LBTT and Registration dues.
Price
We are instructed to seek offers over £195,000 for the benefit of our clients heritable interest, subject to and with the benefit of the occupational lease. This price reflects a net initial yield of 10.05%.
Vat
No VAT will be payable on the price.
Business Rates
The Rateable Value effective from 1 April 2026 is £19,500. Any ingoing occupier will have the right to appeal the Rateable Value and may also be entitled to certain relief from rates under the various schemes currently available. Interested parties should contact the relevant Local Authority and further information can be found at www.saa.gov.uk
Rates
Sustainability
Copy available on request.
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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