Retail Unit - To Let
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. Lothian Road is one of the main streets connecting the New town to the south side of the city. The Premises benefits from a large glass frontage whilst occupying a prominent position on the west side of the road next to the intersection on Morrison Street. The subjects is a short walk from the famous Usher Hall and Lyceum Theatre. Nearby occupiers include Pret A Manger, Bread Meats Bread, Starbucks, Nando’s and Innis & Gunn.
The premises are arranged over ground floor and comprise the following approximate net internal area:
Ground Floor: 681 sq ft / 63.3 sqm
The premises are available on a new FRI basis. Subject to vacant possession.
Offers in excess of £27,500 pa are invited.
Rateable Value: £16,900
UBR (2023/24): £0.498
Rates Payable: £8,416 pa
The premises benefit from having Class 1A consent. An EPC Report is 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.