Prime Retail Unit
The property occupies a prime retail location on one of Edinburgh’s principal thoroughfares, linking Princes Street & George Street. The property is situated on Hanover Street close to the junction with George Street and Rose Street. The subjects benefit from high pedestrian flow. Nearby retailers include Pret a Manger, JoJo Maman Bébé, Bibi’s Bakery, Oliver Bonas and Lakeland.
The premises are arranged over the ground and basement and comprise the following approximate areas:
Ground Floor: 1,081 sq ft / 100 sqm
Basement: 832 sq ft / 77 sqm
Offers over £65,000 pa
The subjects are available on a new FRI lease.
Rateable Value: £69,800
UBR (2021/22): £0.503
Rates Payable: £35,110 pa
Available on request.
The premises benefit from Class 1 consent.
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.