TO LET
21A Castle Street
Edinburgh
EH2 3DN

Prime Retail Unit To Let

Lower Ground Floor: 729 sq ft
Reduced Rent: Offers Over £35,000 pa
Location

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. Castle Street is one of Edinburgh’s principal retailing thoroughfares, linking Princes Street and George Street in the heart of the city centre. The subjects occupy a prime position on the East Side of Castle Street, close to the junction with pedestrianised Rose Street. Nearby occupiers include Pret A Manger, Greggs, Victor Hugo Deli, Knoops, Vodafone, Bravissimo and Costa Coffee.

Description & Accommodation

The subjects comprise a self-contained retail unit arranged over lower ground floor and basement levels within a four-storey stone built tenement. The premises benefit from access via a wide set of stairs directly off the pavement on Castle Street. Internally, the subjects are currently fitted out to facilitate its previous use as a shoe repair shop. The lower ground floor comprises an open plan retail space which may be suitable for other uses (subject to planning). The basement level is accessed by way of a separate internal staircase located to the rear of the property.

The premises are arranged over lower ground floor and basement levels and comprise the following approximate net internal areas:
Lower Ground Floor: 729 sq ft / 67.75 sqm
Basement Storage: 623 sq ft / 57.9 sqm
There is the ability to introduce outdoor seating directly outside the subjects with the ability to put further seating at pavement level, subject to local authority consent.

Lease

The premises are available by way of a new 10 year FRI lease.

Reduced Rent

Offers over £35,000 pa are invited.

Rates

Rateable Value: £23,800
UBR (2023/24): £0.498
Rates Payable: £11,852 pa

Planning / EPC

The premises benefit from having Class 1A consent. Other uses may be available, subject to change of use from the local authority. An EPC report is available on request.

Legal Costs

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.

Anti-Money Laundering Regulations

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.

TO LET

21A Castle Street
Edinburgh
EH2 3DN
Viewing strictly by appointment with ORINSEN

Andy Bain
T. 0131 374 1111
M. 07770 524 977
E. abain@orinsen.com

Important Notice 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. Published 30.09.20
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