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181B Union St 6,076 sq ft Retail Unit Offered at £350,000 in Aberdeen AB11 6BB
INVESTMENT HIGHLIGHTS
- Prominent Location on Union Street.
- Large display window
- Near the busy Union Terrace junction
EXECUTIVE SUMMARY
The property comprises a mixed use building arranged over six floors which includes attic and basement storage space. The property features ground floor retail accommodation and upper office accommodation. The property is located on the south side of Union Street, east of its junction with Bridge Street in a prominent city centre position. Union Street is the principal commercial thoroughfare within the city centre and the surrounding premises are given over a mixture of retail uses, office uses and licensed premises. The majority of the public and private transport facilities can be found within the immediate vicinity of the premises. The city is linked to Dundee by the A90 dual carriageway and beyond to Edinburgh by the M90 motorway and to Glasgow by the A90 and A9 dual carriageways and M9 and M80 motorways. In addition, Aberdeen is linked to Inverness by the A96 trunk road.
PROPERTY FACTS
| Total Property Size | 19,911 sq ft | Typical Floor Size | 3,982 sq ft |
| Property Type | Office (Unit) | Year Built | 1876 |
| Costar Property Class | C | Total Plot Size | 0.14 ac |
| Floors | 5 |
| Total Property Size | 19,911 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | C |
| Floors | 5 |
| Typical Floor Size | 3,982 sq ft |
| Year Built | 1876 |
| Total Plot Size | 0.14 ac |
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Storage Space
1 UNIT AVAILABLE
Unit 181A
| Unit Size | 6,076 sq ft | Tenure | Freehold |
| Price | £350,000 | Net Initial Yield | 7.86% |
| Price Per sq ft | £57.60 | NOI | £27,500 |
| Unit Use | Retail | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Unit Size | 6,076 sq ft |
| Price | £350,000 |
| Price Per sq ft | £57.60 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.86% |
| NOI | £27,500 |
| Sale Conditions | Auction Sale |
DESCRIPTION
Comprises ground floor retail unit t/a Mercure Slots. The property benefit from a glazed frontage with dual display windows flanking the access via a partially recessed double aluminium framed and glazed double doors leading to an open plan sales area. Internally the property is finished in accordance with Merkur Slots corporate specifications. Staff facilities and customer w.c’s are situated to the rear of the demise, providing the following accommodation and dimensions:
Ground Floor: 222.37 sq m (2,394 sq ft)
Open plan retail, office, storage, kitchen, wc`s
Location:
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 us ed 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 hospitality, food, drink and agriculture, digital and the creative sectors are industries on the rise (Source: Aberdeen City Council). The property is 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.
SALE NOTES
Lot 275 is available by way of Savills Online Auction 22st October 2025
Investment Consideration:
VAT is applicable to this property. TOGC available.
Heritable (Scottish Equivalent of English Freehold)
Comprises mid-terrace ground floor retail shop t/a Merkur Slots
Let until August 2036. Rent review and tenant option to determine in August 2031
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.
Tenancy:
The property is at present let to Merkur Slots UK Limited* for a term of 15 years from 4th August 2021 at a current rent of £27,500 per annum and the lease contains full repairing and insuring covenants. Rent review on 04.08.31 open market upward only. Tenant option to determine on 04.08.31 with min 6 months notice.
*Merkur Slots have expanded their brand to over 200 locations in the UK. The company has been trading since 1972 and in 2021 opted to rebrand from “Cashino Gaming” to “Merkur Slots”
181a Union Street, Aberdeen AB11 6BB 1.1
181a Union Street, Aberdeen AB11 6BB 1.2
181a Union Street, Aberdeen AB11 6BB 3
181a Union Street, Aberdeen AB11 6BB 2
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | sq ft OCCUPIED | LEASE END DATE |
|---|---|---|
| Coral |
-
|
Jan 0000
|
Presented by
181B Union St
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