Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
Prime City Centre
Busy Thoroughfare
Ground & Bsm Floor
Let To Paddy Power
Expiry: 11th November 2027
Passing Rent: £35,000p.a.x
Occupiers in the vicinity include Primark, Barclays, HMV, Poundland, KFC and Lakeland. A Travelodge is close by as are a number of bars and restaurants.
The property has been calculated to extend to following internal area;
Ground: 101.64sqm (1,094sq ft)
1st: 87.89sqm (946sq ft)
Total: 189.53sqm (2,040sq ft)
The property comprises a mid-terraced retail space within a mixed use development of traditional granite construction surmounted by a pitched roof.
The units are located within
the heart of Union Street the City’s traditional commercial thoroughfare, in close proximity to the busy Union Street / Union Terrace junction
The property comprises a mid-terraced retail space within a mixed use development of traditional granite construction surmounted by a pitched roof.
Benefitting from a prominent frontage, the property offers dual display windows flanking the partially recessed frontage of aluminium framed and glazed construction.
Internally the property is fitted out in accordance with the tenants corporate specifications with floors overlaid in laminated timber with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. The property has been partitioned to offer customer w.c and staff counter, with the basement floor accessed via a single staircase to the rear of the demise.
The basement offers staff facilities, office and stores
Area
The property has been calculated to extend to following internal area;
Ground: 101.64sqm (1,094sq ft)
1st: 87.89sqm (946sq ft)
Total: 189.53sqm (2,040sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Power Leisure Bookmakers Ltd t/a Paddy Power
Expiry: 18th November 2027
Passing Rent: £35,000p.a.x
Covenant: Power Leisure Bookmakers Limited
Power Leisure Bookmakers Limited are a subsidiary of FTSE 100 Listed Flutter Entertainment plc. Flutter owns a number of the world's best known entertainment and gaming brands. Founded in 1988 Power Leisure currently trade from over 600 shops in the UK and Ireland.
V.A.T
The vendor has opted to waive their option to tax, as such the transaction will be treated as a transfer of a going concern
The units are located within
the heart of Union Street the City’s traditional commercial thoroughfare, in close proximity to the busy Union Street / Union Terrace junction and close to Union Terrace Gardens, currently benefitting from a circa £30M major regeneration. The City’s Shopping Centres are all within walking distance as are the rail and bus stations.
Occupiers in the vicinity include Primark, Barclays, HMV, Poundland, KFC and Lakeland. A Travelodge is close by as are a number of bars and restaurants.
Full Address: 175 Union Street, Paddy Power Investment, Aberdeen, AB11 6BB
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Map & Location
Map
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Special Terms of Sale
-
Buyers Fee
(?) 2% of Sale Price (Minimum of £3250 +vat)
Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 11th November 2027
Rent: £35,000 per year / £2,917 per month
Yield: 15% (approx)
Tenant: Company
Notes: Power Leisure Bookmakers Limited are a subsidiary of FTSE 100 Listed Flutter Entertainment plc. Flutter owns a number of the world's best known entertainment and gaming brands. Founded in 1988 Power Leisure currently trade from over 600 shops in the UK and Ireland.
Document Downloads
Legal Docs (Pending)
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to
request a copy by email prior to bidding.
* Click the above 'Pending' document link to log your request and we will notify you once available.
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Pricing Information & Bidding
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SPECIAL Terms of Sale
- 10% Deposit (Minimum £3,000)
- Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to
request a copy by email prior to bidding.
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Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
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Auction Details
Date & Time: 30 October 2025, 10am-3pm
Type: Timed Online Auction
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