TO LET
107 George Street
Edinburgh
EH2 3ES

Prime Retail / Restaurant / Office
Unit To Let

Ground Floor: 1,609 sq ft
Rent: On Application
Location

Edinburgh is Scotland’s capital city 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. George Street is one of Edinburgh’s principal retailing thoroughfares in the heart of the city centre. The subject property occupies a highly prominent corner position on what is considered one of Edinburgh’s most exclusive and prime retail pitches on the north side of George Street in the section bound by Frederick Street and Castle Street. George Street has developed into a vibrant mixed use destination, accommodating high quality retail and restaurant operators including Contini, Space NK, Whistles, Knoops, Hamilton & Inches, Victor Hugo Deli, The Spanish Butcher and Fazenda.

Description / Accommodation

The subjects occupy a prime corner unit and are currently arranged over ground (retail) and first floor (office) levels. The subjects benefit from a modern fully glazed return frontage onto both George Street and North Castle Street offering fantastic prominence and visibility.

The premises are arranged over ground and first floor levels and comprise the following approximate net internal areas:
Ground Floor: 1,609 sq ft / 149.5 sqm
First Floor: 1,702 sq ft / 158.2 sqm

Lease / Entry

The premises are available on the basis of a new full repairing and insuring lease for a minimum of 10 years, subject to five yearly upward only rent reviews.  Entry by arrangement, likely entry date available from February / March 2025.

Rent

Rent for the subjects as a whole or in separate parts available on application.

Rates

Ground Floor:
Rateable Value: £122,500
UBR (2024/25): £0.559
Rates Payable: £68,478 pa

First Floor:
Rateable Value: £31,800
UBR (2024/25): £0.498
Rates Payable: £15,836 pa

Planning / EPC

The premises benefit from having Class 1A consent.  The first floor is available for use as a separate office under a Class 2 consent. Other uses may be available, subject to a change of use from the local planning authority.  An EPC is available on request.

Legal Costs

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.

Anti-Money Laundering Regulations

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.

Viewing strictly by appointment through ORINSEN

Andy Bain
T. 0131 374 1111
M. 07770 524 977
E. abain@orinsen.com

Anna Hansen
T. 0131 374 1111
M. 07717 411 668
E. ahansen@orinsen.com

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.

Published 30.09.20

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