Prime Retail Unit
The High Street, often referred to as the Royal Mile, is Edinburgh’s most famous street. It runs between Edinburgh Castle and Holyroodhouse. Edinburgh Castle is Scotland’s most-visited paid-for attraction with over 2.1 million visitors. This historic street is busy all year round, especially in August during the Edinburgh Fringe Festival when it becomes the hub of the world’s biggest Arts Festival. The subject property is located in a busy part of the High street near John Knox House. Nearby occupiers include; Byron Burger, Edinburgh Fudge Kitchen and a number of independent retailers.
The premises are arranged over ground floor and comprise the following approximate net internal area:
Ground Floor: 562 sq ft / 52.24 sqm
The premises are currently held on an FRI lease. A sublease is available for a 5 year term.
Rateable Value: £34,100
UBR (2020/21): £0.498
Rates Payable: £16,982 pa
The premises benefit from having Class 1 retail consent and 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.
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.