Prime Retail Unit
Located close to Princes Street
The subject property occupies a prime retail location on Hanover Street, one of Edinburgh’s principal retailing thoroughfares, linking Princes Street and George Street in the heart of the city centre. This ground floor property has significant presence and frontage situated on the East side of Hanover Street, close to the junction with George Street and pedestrianised Rose Street. It benefits from high pedestrian flows with nearby retailers including Pret a Manger, JoJo Maman Bébé, Bibi’s Bakery, Oliver Bonas and Lakeland.
The premises are arranged over the ground floor and comprise the following approximate areas:
Ground Floor: 558 sq ft / 51.84 sqm
Offers over £52,500 pa.
The subjects are available on a new FRI lease.
Rateable Value: £44,300
UBR (2020/21): £0.498
Rates Payable: £22,061.40 pa
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.
This property has an EPC rating of E.
The premises benefit from having Class 1 consent.
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.