Prime Retail Unit To Let / May Sell
Edinburgh has a population of 507,000 and is one of the strongest retailing centres in the UK, dominating its catchment of 1.6 million. Edinburgh is the second most visited city in the UK with over 4 million visitors a year. Tourism provides a boost to the local economy of approximately £1 billion annually. George Street has established itself as Edinburgh’s premier fashion and leisure location with numerous high quality retailers and restaurants located here. The premises occupy a 100% prime prominent corner position on George Street. Nearby occupiers include Space NK, Eden Locke, Fazenda, Whistles and The White Company.
The premises are arranged over ground and basement levels and comprise the following approximate net internal areas:
Ground Floor: 1,265 sq ft / 117.52 sqm
Basement (Sales): 580 sq ft / 53.88 sqm
Basement (Ancillary): 60 sq ft / 5.57 sqm
The premises are available by way of a new FRI Lease subject to upward only rent reviews.
Financial terms are available on request. Purchase price upon application.
Rateable Value: £151,750
UBR (2021/22): £0.516
Rates Payable: £78,303 pa
The premises benefit from having Class 1 consent and Restricted Class 3 (coffee retailing). This property has an EPC rating of G.
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 Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
In order to comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
TO LET / MAY SELL
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.