Union Street Overhead Dip Provides Occupier Opportunity……

January 12, 2017

Union Street remains Aberdeen’s main commercial thoroughfare despite the pressures of covered shopping malls.

Rents on Union Street have fallen in recent years, giving an opportunity for occupiers, who could not have previously afforded the overheads, to secure premises in such a high profile, high footfall location.

This is illustrated by the availability of the prime unit at 131 Union Street, currently occupied by Thorntons who will vacate the unit in March due to a lease expiry.

Agents FG Burnett will be marketing the unit with an asking rent of £55,000 per annum;   Thorntons had been paying an annual rent of £98,000.  The unit provides sales accommodation of 798 sq.ft at ground floor, with storage/staff facilities at lower levels.  The rateable value will also reduce from 1st April 2017.

Richard Noble, Managing Director at FG Burnett comments:

“This is an excellent opportunity for a retailer to take advantage of overheads which have become much more manageable in relation to a unit a stone’s throw from Primark, The Trinity Centre and a host of national retailers.  The majority of the blocks on Union Street have become much more affordable in recent years, with landlords also prepared to consider shorter term leases than may have traditionally been the case.”

FG Burnett FG Burnett @FGBurnett City Centre Offices with Development Opportunity For Sale. For further info please contact lisa.cowie@fgburnett.co.… https://t.co/GV8B2b88bu 1 day ago
FG Burnett FG Burnett @FGBurnett Excellent opportunity to secure a newly refurbished landmark building in the heart of Aberdeen City Centre. For fu… https://t.co/TC664ss5z5 3 days ago
FG Burnett FG Burnett @FGBurnett Despite the commonly held belief to the contrary, there is still life, interest and demand for buildings in all the… https://t.co/eYI2X6R81U 4 days ago
FG Burnett FG Burnett @FGBurnett Works are progressing well on the CAT A landlords fit out with exposed services at Floors 2 & 3, The Exchange 2, Ma… https://t.co/PUHk8dhT41 5 days ago
FG Burnett FG Burnett @FGBurnett Flexible Office & Storage Space To Let. For further info please contact lisa.cowie@fgburnett.co.uk 01224 597536… https://t.co/98bGdjA0ee 6 days ago
FG Burnett FG Burnett @FGBurnett Retail Premises with benefit of Class 3 Takeaway Consent To Let. For further info please contact daniel.mitchell@f… https://t.co/Nn3fX2bRim 1 week ago
FG Burnett FG Burnett @FGBurnett It’s been a busy week for our Energy Team with a number of EPCs being lodged and further instructions received. Don… https://t.co/ZeacQphhwk 1 week ago
FG Burnett FG Burnett @FGBurnett TO LET - ground floor unit in established West End retail area of Aberdeen. Ingoing tenant may benefit from 100% r… https://t.co/E0L3fFGkVZ 2 weeks ago
FG Burnett FG Burnett @FGBurnett Opportunities to occupy New Build Landmark Pavilions. For further info please contact richard.noble@fgburnett.co.uk… https://t.co/oowVJEkAky 2 weeks ago
FG Burnett FG Burnett @FGBurnett A lunchtime walk in Stonehaven for our Head of Rating to catch a glimpse of the open air swimming pool brimming for… https://t.co/e1pxSS20KL 2 weeks ago
FG Burnett FG Burnett @FGBurnett FOR SALE - retail/office investment with asset managment opportunities in Leven town centre. For further details co… https://t.co/xAL2Yvc8Nh 2 weeks ago
FG Burnett FG Burnett @FGBurnett Modern High Specification Office Pavilion with 20 Car Parking Spaces To Let/For Sale. For further info please conta… https://t.co/pAsRn0ygOc 2 weeks ago