FOR SALE
28 Raeburn Place
Edinburgh
EH4 1HN

Prime Retail Unit For Sale
Rare opportunity in the heart of Stockbridge

Ground Floor: 380 sq ft
Sale Price: £340,000 *No VAT Payable
Location

Stockbridge is one of the most affluent suburbs of Edinburgh, situated less than one mile from the city centre. Raeburn Place is the main commercial thoroughfare in the Stockbridge area. The subjects occupy a prime position towards the east end of Raeburn Place. Stockbridge offers a high end mix of both local and national retailers and charity shops as well as a number of thriving independent restaurants, cafés and bars. The former Scotmid unit has been let to M&S Simply Food and is due to open imminently. Nearby occupiers include Annie Smith Jewellery, Greggs, Hectors, Holland & Barrett, Cancer Research UK and Willow Boutique.

Description & Accommodation

The subjects comprise a self-contained retail unit arranged over the ground and basement levels of a traditional single storey building held under a flat roof. The premises boast a prominent glazed frontage and are accessed directly from Raeburn Place, benefitting from the extensive footfall in the area. Internally, the subjects are currently fitted out to facilitate its previous use as a barber shop. The ground floor currently provides an open plan space suitable for multiple retail uses whilst the basement can be excellently utilised for additional storage space.

The premises are arranged over ground and basement levels and comprise the following approximate net internal areas:
Ground Floor: 380 sq ft / 35.32 sqm
Basement: 180 sq ft / 16.73 sqm

Sale Price

Offers of £340,000 are sought for our clients Heritable interest in the property. The property is not elected for VAT.

Rates

Rateable Value: £12,700
UBR (2024/25): £0.498
Rates Payable: £6,325 pa

Planning / EPC

The premises currently benefit from Class 1A Consent under the Town & Country Planning (Use Classes)(Scotland) Order 1997.  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 tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.

FOR SALE

28 Raeburn Place
Edinburgh
EH4 1HN
Viewing strictly by appointment through ORINSEN

Tom Forster
T. 0131 374 1111
M. 07919 920 126
E. tforster@orinsen.com

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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