City Centre Opportunity - To Let
Located near Edinburgh's Royal Mile
Edinburgh is Scotland’s Capital with a population of circa 480,000 and an estimated catchment of 1.5m. Blair Street is located in the heart of Edinburgh City Centre and is a 2 minute walk from the highly prestigious Royal Mile. Blair Street is a popular leisure pitch located just off Hunter Square comprising a mixture of restaurants, bars, hotels and residential. The premises are located on the East side of Blair Street and sit in the block linked by the Royal Mile, South Bridge and Cowgate. The premises are a short walk from the renowned St James Quarter and Edinburgh Waverley Train Station. Nearby occupiers include Monkey Barrel Comedy Club, Starbucks, Cabaret Voltaire, Ibis Hotel, Bella Italia and Black Sheep Coffee.
The premises comprise an upper ground floor retail unit arranged over one level, accessed via a set of steel stairs contained within a 6 storey stone-built tenement. Internally the property offers storage accommodation and studio space with huge scope for potential occupiers, subject to the necessary planning.
The premises are arranged over upper ground floor only and comprise the following approximate net internal area:
Upper Ground Floor: 2,881 sq ft / 267.81 sqm
The premises are available by way of a new FRI lease, subject to vacant possession.
On Application. This property is VAT exempt.
Rateable Value: £35,900
UBR (2023/24): £0.498
Rates Payable: £17,878 pa
The premises benefit from having Class 1A consent but may be suitable for alternative uses including Class 3, subject to planning. 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.