Retail Unit to Let
Located close to Princes Street
South St Andrew Street lies in the heart of Edinburgh’s city centre, acting as a link road between the prime retail destination of Princes Street and the iconic St Andrew Square. Many prominent retailers are located in the immediate vicinity including Harvey Nichols, a number of luxury brands within Multrees Walk and a host of retail and leisure offerings within the new Edinburgh St James Quarter.
The subjects are arranged over ground, first, second, third, fourth and fifth floor levels extending to the following approximate net internal areas:
Ground Floor: 2,081 sq ft / 193.32 sqm
First Floor: 1,911 sq ft / 177.51 sqm
Second Floor: 1,898 sq ft / 176.32 sqm
Third Floor: 1,903 sq ft / 176.75 sqm
Fourth Floor: 1,894 sq ft / 175.98 sqm
Fifth Floor: 1,594 sq ft / 148.13 sqm
New Full Repairing and Insuring Lease available.
Rateable Value: £211,500
UBR (2021/22): £0.516
Rates Payable: £109,134 pa
The property provides a variety of floor plates over six floors. The upper floors of 11-13 South St Andrew Street currently benefit from planning permission to create a 42-bedroom hotel with an additional level for a new rooftop bar/restaurant and terrace. Planning reference number 17/03350/FUL. Any queries relating to the planning consent should be directed to Edinburgh Council Planning Department. EPC report available on request.
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 purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
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.