Second & Third Floors - For Sale
Class 7 Development
The property is situated on the North side of Edinburgh’s High Street in the city’s main tourist destination, the Royal Mile. The subject property occupies the second and third floors of a traditional tenement building. The first floor is occupied by Geoffrey (Tailor) Kiltmakers, the ground floor by Café Edinburgh and the basement by Monteiths.
The property is located in a busy part of the Royal Mile beside John Knox House and within walking distance of Waverley train station. The self-contained office accommodation benefits from flexible office space with a board room, two individual offices, a WC, tea preparation and storage.
The premises are arranged over the second and third floors and comprise the following approximate net internal areas:
Second Floor (Front): 353 sq ft / 32.83 sqm
Second Floor (Back): 671 sq ft / 62.38 sqm
Third Floor: 283 sq ft / 26.26 sqm
NIA: 1,307 sq ft
Rateable Value: £16,100
UBR (2022/23): £0.498
Rates Payable: £8,018 pa
The premises will benefit from having Class 7 consent. Use as a hotel, boarding house, guest house or hostel, where no significant element of care is provided, other than premises licensed for the sale of alcoholic liquor to persons other than residents or to persons other than persons consuming meals on the premises and other than a use within Class 9 (houses).
An EPC report is available on request.
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.
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
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.