Prime Retail Opportunity
Aberdeen is Scotland’s third largest City and the administrative centre for north east Scotland. It is considered the oil capital of Europe. The property is situated on the west side of St Nicholas Street at the corner of St Nicholas Lane, which is accessed immediately off Union Street. The St Nicholas Centre, forms part of the Bon Accord Centre and links the centre with George Street to the north and Union Street to the south. Nearby occupiers include RBoS, Sports Direct, M&S, Five Guys and Schuh.
The premises are arranged over 5 storeys and comprise the following approximate net areas:
Ground [sales]: 1,051 sq ft / 97.64 sqm
Basement [store]: 925 sq ft / 85.97 sqm
1st [Sales/Staff]: 909 sq ft / 84.44 sqm
2nd [office]: 263 sq ft / 24.43 sqm
3rd [store]: 571 sq ft / 53.04 sqm
The subjects are available on a new FRI lease from January 2022. Rental offers over £60,000 pa.
Rateable Value: £110,000
UBR (2021/22): £0.516
Rates Payable: £56,760 pa
This property has an EPC rating of E and benefits from Class 1 retail consent.
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.
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.