TO LET
1 Waterloo Place
Edinburgh
EH1 3BG

Prime Retail / Class 3 restaurant unit
Adjacent to new 850,000 sq ft Edinburgh St James development

NIA: 1,754 sq ft
Rent: £90,000 pa
Location

Located at the east end of the city, on a prime corner position with unparalleled prominence at the junction of Waterloo Place and Leith Street facing directly on to Princes Street, opposite the main entrance of the new Edinburgh St James shopping and leisure development (opening April/May 2021) which will provide 85 shop units alongside 30 F&B units, hotel, leisure and residential accommodation as part of the overall 850,000 sq ft offering, close to a number of hotels and Waverley Railway Station.

Description & Accommodation

Planned over ground and basement levels, additional seating at mezzanine whilst used as a restaurant, and extends to the following approximate net areas.
Ground Floor: 1,123 sq ft / 104.3 sqm
Mezzanine: 155 sq ft / 14.3 sqm
Basement: 476 sq ft / 44.2 sqm

Rent

Offers of £90,000 pa on a new lease exclusive of VAT.

Rates

Rateable Value: £46,600
UBR (2020/21):  49.8p
Rates Payable:  £23,207 pa

Lease

New 15 year full repairing and insuring lease available subject to 5 yearly upward only rent reviews.

Planning & EPC

The premises benefit from having Class 2 and Class 3 (restricted) consent and an alcohol refreshment license. They could however be used for Class 1 retail as part of the Use Classes Order.
This property has an EPC rating of G.

Legal Costs

Each party to bear their own legal costs incurred in the transaction.  The tenant will be liable for LBTT and registration dues payable on the lease.

TO LET

1 Waterloo Place
Edinburgh
EH1 3BG
Viewing strictly by appointment through ORINSEN.

Andy Bain
T. 0131 374 1117
M. 07770 524 977
E. [email protected]orinsen.com

Tom Forster
T. 0131 374 1115
M. 07919 920 126
E. [email protected]orinsen.com

Published  September 2020

Important Notice

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.

© Orinsen 2020 All Rights Reserved Registered in Scotland No. SC647800   t+cs   data policy

Website by Vipond Philip