TO LET
3-5 Hanover Street
Edinburgh
EH2 2DL

Prime Retail Unit - To Let

Ground Floor: 940 sq ft
Rent: Offers over £85,000 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.  Hanover Street is one of the main retailing thoroughfares connecting two of the most established shopping destinations in the city, namely George Street and Princes Street. The subjects occupy a  prominent position close to the junction with Princes Street, benefitting from excellent footfall and visibility. Nearby occupiers include Bella Italia, Oliver Bonas, Costa Coffee, Austen & Blake and JD Sports.

Description / Accommodation

The subjects comprise a well positioned self-contained retail unit, arranged over ground and basement levels within a four-storey stone built tenement. The premises benefit from a large glazed frontage and are accessed directly from the pavement on Hanover Street. Internally, the unit is fully fitted to facilitate its current use as a shoe shop. There is a large sales area located in the front part of the shop and storage located to the rear, as well as in the basement level.
The premises are arranged over ground and basement levels and comprise the following approximate net internal areas:
Ground Floor: 940 sq ft / 87.36 sqm
Basement: 679 sq ft / 63.1 sqm

Lease

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

Rent

Offers in excess of £85,000 pa are invited.

Rates

Rateable Value: £48,800
UBR (2023/24): £0.498
Rates Payable: £24,302 pa

Planning / EPC

The premises benefit from having Class 1A consent. 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

3-5 Hanover Street
Edinburgh
EH2 2DL
Viewing strictly by appointment with ORINSEN

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

Joe Stephenson
T. 0131 374 1111
M. 07580 519 431
E. joe@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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