Prime Retail Unit located on
Edinburgh's famous High Street
High pedestrian footfall
The High Street, often referred to as the Royal Mile, is Edinburgh’s most famous street. It runs between Edinburgh Castle and Holyroodhouse. Edinburgh Castle is Scotland’s most visited paid for attraction with over 2.1 million visitors per annum. The subject property occupies a highly prominent position in the High Street with nearby occupiers including Byron Burger, Edinburgh Fudge Kitchen, Bella Italia, Boots, Pret a Manger as well as a number of strong local independent retailers and restaurateurs.
The premises are arranged over ground floor and basement levels comprising the following approximate net areas:
Ground Floor: 1,301 sq ft / 121 sqm
Basement: 1,265 sq ft / 117.52 sqm
The premises are available by way of a new FRI lease.
Rental offers in the region of £130,000 pa sought.
Any new lease deal will be subject to our clients obtaining vacant possession from Edinburgh Woollen Mill’s administrators.
Rateable Value: £65,400
UBR (2020/21): £0.511
Rates Payable: £33,420 pa
Interested parties should make their own representation to the local Assessor’s Department to verify the above figures.
The premises benefit from having Class 1 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.
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.