INVESTMENT
42-44 Clerk Street
Edinburgh
EH8 9HX

Investment for Sale

NIA: 1,138 sq ft
Price: Offers in excess of £325,000
Location

Clerk Street is located on the main arterial route leading from Edinburgh’s historic Old Town through the inner suburb of the Southside. The premises are close to the junction of Newington Road and Salisbury Place. Clerk Street is approximately a 15 minute walk from Edinburgh’s famous Princes Street and the new Edinburgh St James development with a wide range of national retailers. Clerk Street offers a wide variety of independent restaurants, cafes and local operators.

Accommodation

The subjects comprise a corner Class 2 letting office arranged over ground and basement with the following approximate net internal areas:
Ground Floor: 572 sq ft / 53.14 sqm
Basement Offices: 566 sq ft / 52.58 sqm
NIA: 1,138 sq ft / 105.72 sqm

Lease

The subjects are leased to Shahid Aziz trading as Easylet Property Management, with an expiry date on 15 July 2031. The passing rent is currently £16,800 pa with the July 2020 rent review still outstanding and a further rent review in July 2025.

Price

Offers in excess of £325,000 exclusive of VAT are invited.

Rates

Rateable Value: £15,200
UBR (2022/23): £0.498
Rates Payable: £7,569 pa

Planning / EPC

The property benefits from having Class 2 consent.  EPC Report 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.

INVESTMENT

42-44 Clerk Street
Edinburgh
EH8 9HX
Viewing strictly by appointment through ORINSEN

Tom Forster
T. 0131 374 1115
M. 07919 920 126
E. tforster@orinsen.com

Charlotte Young
T. 0131 374 1118
M. 07825 167 883
E. cyoung@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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