Edinburgh EH1 2NT
Basement Premises To Let
Includes Outdoor Courtyard
The property is situated on the North side of Edinburgh’s High Street in the city’s main tourist destination, the Royal Mile. Edinburgh is Scotland’s capital and administrative centre with a resident population in the region of 500,000 people and an estimated catchment of 1.5m people within a 30 mile radius. The premises for let occupy a basement level, located underneath a well established Scottish gift shop, with advertising opportunities on the Royal Mile. The subjects also front onto and offer an outdoor seating/courtyard facility (cobbled area shown on above photo) looking on to a walkway/square linking The Mound to the prime section of Lawnmarket. This part of the city benefits from huge pedestrian footflow throughout the year. Nearby occupiers include Ondine, Pringle of Scotland, Makar’s Mash Bar and Zebra Coffee Company.
The subjects benefit from an outdoor seating area as well as opportunities for signage on the prestigious Royal Mile, they are easily accessible via public transport and by foot. The building is made up of
cellular spaces which could be utilised for many purposes. Additionally, it includes a fitted out office space.
The premises are arranged over basement level only and comprise the following approximate net internal area:
Basement: 840 sq ft / 78.1 sqm
The premises are available on a new full repairing and insuring lease.
We are seeking offers over £27,000 pa exclusive of VAT.
To be separately assessed on completion of new lease.
The premises currently benefit from Class 1A (Retail) Consent under the Town & Country Planning (Use Classes)(Scotland) Order 1997. 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 purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
Edinburgh EH1 2NT
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.