Rare Opportunity - Edinburgh City Centre
Prime Café Unit to Let
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. Frederick Street is one of the main streets connecting two of the most established retailing pitches in the city, namely George Street and Princes Street. The subjects occupy a lower ground floor space on one of Edinburgh’s main retail and leisure pitches and is visible from the well renowned George Street. Nearby occupiers include 63rd & 1st, Ede & Ravenscroft, Côte Brasserie, Toni & Guy and Fat Face.
The subjects comprise a self-contained retail unit arranged over lower ground floor level within a four-storey and attic stone built tenement. The premises benefit from access from the pavement via stairs down to the entrance and an outdoor seating area at lower ground level. Internally, the unit is fully fitted as a café with a generous service area, seating for 20 covers, a W.C. and storage. All fixtures and fittings are available by way of separate negotiation.
The premises are arranged over lower ground floor only and comprise the following approximate net internal area:
Lower Ground Floor: 497 sq ft / 46.23 sqm
The premises are available on a new full repairing and insuring lease from December 2023. Subject to vacant possession.
Offers over £17,000 pa are invited.
Rateable Value: £15,400
UBR (2023/24): £0.498
Rates Payable: £7,669 pa
The premises currently benefit from Class 1A 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 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.