Retail Unit To Let
Broughton Street is a busy vehicular route located towards the east end of Edinburgh City Centre. The subjects are situated on the east side of Broughton Street near its junction with York Place and the top of Leith Walk. The subjects are located in close proximity to the new Edinburgh St James Quarter and the Edinburgh tram system, with the York Place tram stop 100m from the property.
Nearby occupiers include Soderberg Bakery, Rollo Restaurant and Wine Bar, Tesco Express, and Medusa Hairdresser.
The premises are arranged over ground floor only and comprise the following approximate net internal areas:
Ground Floor Sales: 328 sq ft / 30.5 sqm
Ground Floor Storage: 151 sq ft / 14.10 sqm
The premises are available by way of a new FRI lease, subject to vacant possession.
Offers of £15,500 pa sought.
Proposed Rateable Value: £13,200
UBR (2022/23): £0.498
Proposed Rates Payable: £6,574 pa
The above figures from the Scottish Assessors Association website are based on the next revaluation in Scotland due to take effect from 1st April 2023. Each interested party should satisfy themselves on business rates with the appropriate authority.
The premises benefit from having Class 1 (Retail) 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.