TO LET / MAY SELL
52 Thistle Street
Edinburgh
EH2 1EN

Fully Fitted Retail Unit
To Let / May Sell
Excellent City Centre Location

Ground/Mezz/First Floor: 1,171 sq ft
Rent: Offers over £30,000 pa
Location

Thistle Street is located in the heart of Edinburgh City Centre and is a popular location, comprising a mixture of retail, office, residential and restaurant uses. The premises are located on the south side of Thistle Street and sit in the middle of the block linked by Hanover Street and Frederick Street. Thistle Street is a popular independent retail parade running parallel to George Street and offers a boutique environment for shopping, cafe, bars and restaurants. Nearby occupiers include Noto, Thistle Street bar, The Bon Vivant, ALC and Macintyres Hair & Beauty.

Description & Accommodation

The premises comprise a prominent retail unit within a Category B listed building situated over four levels with direct rear service access and an egress point on Thistle Street South West Lane.  Internally the premises are fully fitted and provide an excellent opportunity for an occupier to trade with minimal fit out costs or use the excellent condition to introduce their own shop fit. The premises are arranged over the ground, mezzanine, first and basement levels and comprise the following approximate net internal areas:
Ground Floor (Sales): 381 sq ft / 35.42 sqm
Mezzanine (Sales): 407 sq ft / 37.77 sqm
First Floor (Sales): 383 sq ft / 35.54 sqm
Basement/Storage: 296 sq ft / 27.5 sqm
Total: 1,467 sq ft (136.28 sqm)

The first floor could potentially be removed from the demise to suit a smaller occupational requirement.

Lease

The premises are available by way of a new FRI lease from February 2023.

Rent / Price

Rental offers in excess of £30,000 pa are invited.  Sale price on application.

Rates

Rateable Value: £21,300
UBR (2022/23): £0.498
Rates Payable: £10,607 pa

Planning / EPC

The premises benefit from having Class 1 consent. Other uses would be available subject to obtaining change of use from the local planning authority.  The premises have an EPC rating of F.

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 / MAY SELL

52 Thistle Street
Edinburgh
EH2 1EN
Viewing strictly by appointment through ORINSEN

Andy Bain
T. 0131 374 1117
M. 07770 524 977
E. abain@orinsen.com

Charlotte Young
T. 0131 374 1118
M. 07825 167 883
E. cyoung@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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