Prime Retail Unit - To Let
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. The premises are located close to the proposed Johnnie Walker Whisky Experience development and benefits from high pedestrian flow. 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 areas:
Ground Floor: 1,216 sq ft / 112.97 sqm
Basement: 941 sq ft / 87.42 sqm
Offers over £80,000 pa
The subjects are available on a new FRI lease.
Rateable Value: £47,500
UBR (2020/21): £0.498
Rates Payable: £23,655 pa
The premises have the benefit of a restricted Class 3 consent.
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.
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.