Prime Retail Unit To Let
Subject to Vacant Possession
The subjects are situated in the east end of Princes Street, Edinburgh’s principal retail thoroughfare. The subjects occupy a prime position opposite Waverley Steps leading from Waverley Train Station, the second busiest station in Scotland. This busy thoroughfare benefits from excellent transport links with nearby tram stops and a number of bus stops on the block. The subjects are less than a 5 minute walk from the new Edinburgh St James Quarter and Multrees Walk and opposite the Waverley Market. Nearby occupiers include Apple, Foot Locker, H&M and Barclay’s Bank.
The premises are arranged over ground and basement levels comprising the following approximate net internal areas:
Ground Floor (Sales): 2,589 sq ft / 240.52 sqm
Basement: 2,150 sq ft / 119.74 sqm
The premises are available by way of a new FRI Lease.
Offers over £300,000 pa exclusive of VAT.
Rateable Value: £333,500
UBR (2022/23): £0.524
Rates Payable: £174,754 pa
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.
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.