The subjects are arranged over the basement, ground, first, second and third floors of a four storey and basement building, and the ground, first and second floors of an attractive three storey traditional granite building with centre balcony. Currently, the fit out is typical of a corporate bank. The ground floor accommodation comprises a main banking hall and customer waiting area as well as individual meeting rooms. The ground floor accommodation as well as the private banking area located on the first floor have recently been refurbished. The majority of the first floor is a void over the banking hall. A large boardroom which retains traditional features, a private banking lounge and individual office are located on the remainder of the first floor. The second floor provides further cellular office accommodation and male and female WCs. The top floor is used for staff ancillary accommodation including kitchen facilities and break out area. The subjects benefit from a lift which provides access to all floors of the building except the basement. There is also a traditional staircase running the height of the building. Terms The property is held on a full repairing and insuring lease expiring 23rd June 2021. The current rent is £145,000 p.a. exclusive of VAT, subject to a final upwards only rent review on 24th June 2016. Our client is seeking to assign their leasehold interest, although may consider sub-leasing. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £120,00 and the rates payable are £55,920 pa. The UBR for 2017/2018 is 46.6p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The subjects are located midway along the west side of Union Terrace, within the heart of Aberdeen city centre. Union Street, which runs perpendicular to Union Terrace, is Aberdeen’s principal commercial thoroughfare. The surrounding premises are given over a mixture of retail, office and leisure uses. Nearby occupiers include LR Senergy, Mott MacDonald, Worley Parsons, Hays Recruitment, His Majesty’s Theatre, Chaophraya Restaurant and The Caledonian Hotel. The property overlooks the popular Union Terrace Gardens with rail and bus stations also within a short walking distance.
Sizes and Measurements
DetailsRetail Ground Floor
Lease Information & Charges
- Lease Expiring 23rd June 2021
- City Centre Location
- Overlooks The Popular Union Terrace Gardens