Fully Fitted Unit
Alternative Uses Available
Edinburgh, Scotland’s capital city has a resident population of 495,000 people and is one of the strongest retailing centres in the UK. Princes Street is Edinburgh’s prime retailing thoroughfare. Nearby occupiers include River Island, Levis, Hotter, Urban Outfitters and Boots.
The subject property is arranged over basement, ground and levels 1-6. We calculate the unit extends to the following approximate net internal areas:
Ground Floor Sales: 6,669 sq ft / 619.6 sqm
First Floor Sales: 6,202 sq ft / 576.2 sqm
Second Floor Sales: 3,171 sq ft / 294.6 sqm
Third Floor: 2,777 sq ft / 258.0 sqm
Basement: 6,260 sq ft / 619.6 sqm
TOTAL: 25,079 sq ft
Additional accommodation on the 4th, 5th and 6th floors.
The premises are held on an FRI lease due to expire 09/11/2024. The premises are available by way of a sublease/assignation. There may be an opportunity to look at a new lease with the landlord.
Rateable Value: £582,000
UBR (2021/22): £0.516
Rates Payable: £300,312 pa
To be assessed.
The premises benefit from having Class 1 retail consent.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for LBTT, registration dues and any VAT payable thereon.
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.