TO LET
48 Raeburn Place
Edinburgh
EH4 1HL

Prime Retail Unit To Let
Benefits from Restaurant Consent
High Footfall in the area

Ground Floor: 1,510 sq ft
Rent: Offers over £55,000 pa
Location

Stockbridge is one of the most affluent suburbs of Edinburgh, situated less than one mile from the city centre. Raeburn Place is the main commercial thoroughfare in the Stockbridge area.
The subjects occupy a prime position in the centre of Raeburn Place. Stockbridge offers a high end mix of both local and national retailers and charity shops as well as a number of thriving independent restaurants, cafés and bars.
The former Scotmid unit has been let to M&S Simply Food and is due to open in the coming months.  Nearby occupiers include Artisan Roast, British Red Cross, Greggs, The Scran & Scallie and Costa Coffee.

Description / Accommodation

The subjects comprise a self-contained unit, currently fitted for restaurant use, arranged over ground floor and basement levels within a four-storey stone built tenement. The premises are accessed directly from Raeburn Place and benefit from extensive footfall and an outdoor seating area. Internally, the subjects are currently fitted out to a high standard to facilitate its previous use as a wine bar / restaurant. At the front of the premises, there is a well equipped bar along with a small seating area. There is further seating spread throughout the remainder of the unit.  The current fittings can be removed to provide a conventional shell space for retail use.
The premises are arranged over ground and basement levels and comprise the following approximate net internal areas:
Ground Floor: 1,510 sq ft / 140.33 sqm
Basement: 437 sq ft / 40.61 sqm

Lease

The premises are available by way of a new FRI lease.

Rent

Offers in excess of £55,000 pa are invited.

Rates

Rateable Value: £44,200
UBR (2023/24): £0.498
Rates Payable: £22,012 pa

Planning / EPC

The premises benefit from having Class 1A and Class 3 consent. Other uses may be available, subject to change of use from the local authority. The premises also benefit from a full ventilation system commensurate with Class 3 use and a liquor licence.  The property currently has an EPC rating of G.

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.

TO LET

48 Raeburn Place
Edinburgh
EH4 1HL
Viewing strictly by appointment through ORINSEN or our joint agents Culverwell

Andy Bain
T. 0131 374 1111
M. 07770 524 977
E. abain@orinsen.com

Anna Hansen
T. 0131 374 1111
M. 07717 411 668
E. ahansen@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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