Prime Retail Unit To Let
Potential for Alternative Uses
Available October/November 2023
Stockbridge is one of the most affluent suburbs of Edinburgh, situated less than one mile from the City Centre. Raeburn Place is the main thoroughfare within the Stockbridge area and also forms one of the main arterial routes into the City Centre. Stockbridge offers a high end mix of both local and national retailers/occupiers as well as a number of thriving, independent restaurants and cafés. Nearby occupiers include Costa Coffee, British Heart Foundation, The Pastry Section, The Scran and Scallie, Shelter and Co-op.
The premises are arranged over ground, first and second floor levels and comprise the following approximate net internal areas:
Ground Floor: 5,380 sq ft / 499 sqm (Sales)
First Floor: 4,299 sq ft / 399 sqm (Staff/Storage)
Second Floor: 1,274 sq ft / 118 sqm
Total Floor Area: 10,953 sq ft / 1,016 sqm
The subjects benefit from their own service yard with access to the rear of the property taken directly off Raeburn Place. Internally, a service lift provides access between ground and first floor levels.
The premises are available by way of a new 10 year FRI lease.
Offers over £150,000 pa are invited.
Rateable Value: £155,750
UBR (2022/23): £0.524
Rates Payable: £81,613 pa
The premises benefit from having Class 1 consent. Other uses to include Class 3 consent may be available subject to securing the necessary change of use consent from the local planning authority. This property has an EPC rating of D.
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 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.