Prime Retail Unit - To Let / May Sell
Close to Princes Street
The property occupies a prominent position on Shandwick Place, a continuation of the West End of Princes St. This busy thoroughfare benefits from excellent transport links including the Edinburgh tram system with numerous tram and bus stops nearby. The property has significant frontage on the North side of Shandwick Place and offers a new tenant access to a large West End office community as well as tourism from nearby Princes Street. The premises are located close to the new Johnnie Walker Whisky Experience development and benefits from high pedestrian flow both during the week and weekends.
Nearby retailers include Starbucks, Boots, Sainsbury’s, Savers and Holland & Barrett.
The subjects are arranged over ground floor and basement levels and comprise the following approximate net internal areas:
Ground Floor: 1,140 sq ft / 105 sqm
Basement: 1,168 sq ft / 108 sqm
Rental offers of £70,000 pa exclusive of VAT. Price on application for freehold sale.
The subjects are available on a new FRI lease.
Rateable Value: £47,500
UBR (2021/22): £0.49
Rates Payable: £23,655 pa
The premises benefit from a restricted Class 3 use and would therefore be suitable for retail, professional services or restricted class 3 tenants.
This property has an EPC rating of D.
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.
TO LET / MAY SELL
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.