Prominent City Centre Shop
Edinburgh is the capital city of Scotland. It has a population of approximately 490,000 and a regional population of over 1.6 million. The city benefits from a substantial year round influx of both domestic and international tourists and is also served by an excellent transport network. Shandwick Place is a continuation of Princes Street, at the west end of Edinburgh, and is one of the main routes leading to and from the city centre. It is also a vibrant retailing location in its own right, popular with local residents, office workers and tourists alike. The subject property is situated on the south side of Shandwick Place and nearby occupiers include Coral, Savers, Lothian Travel Hub, Sainsburys Local, Boots and Starbucks.
The property comprises a retail unit with a good display frontage incorporating double access doors. Internally the shop provides excellent retail space at ground floor level which is largely open plan but with two partitioned offices to the rear. Also at ground floor is a staff kitchen and toilet facilities. The upper floors are suitable for storage or office use and provide additional toilets.
The premises are arranged over ground, first and second floor levels and comprise the following approximate net internal areas:
Ground Floor: 1,358 sq ft / 126.16 sqm
First Floor: 617 sq ft / 57.32 sqm
Second Floor: 452 sq ft / 41.99 sqm
Offers of £45,000 pa sought.
Rateable Value: £44,300
UBR (2021/22): £0.49
Rates Payable: £21,707 pa
The property is available on a new lease on terms to be agreed between both parties.
The premises benefit from having Class 1 consent, however may be suitable for a variety of alternative uses.
EPC Report 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.