Retail Unit To Let
May be suitable for alternative uses
Stockbridge is one of the most affluent suburbs of Edinburgh, situated less than one mile from the city centre. Raeburn Place is the main thoroughfare of the Stockbridge area. The subject property occupies a prime position on the North side of Raeburn Place. Stockbridge offers a high end mix of both local and national retailers plus charity shops as well as thriving independent restaurants and cafés. Neighbouring occupiers include Costa Coffee, The Pastry Section, The Scran and Scallie, Shelter and Co-op.
The premises are arranged over ground floor only and comprise the following approximate net internal area:
Ground Floor: 783 sq ft / 72.74 sqm
The premises are available by way of a new FRI lease.
Offers over £25,000 pa are invited.
Rateable Value: £16,500
UBR (2022/23): £0.498
Rates Payable: £8,217 pa
The ingoing tenant may be eligible for the small business bonus scheme of £6,163 pa rates payable. Each interested party should satisfy themselves on the rates relief with the appropriate authority.
The premises benefit from having Class 1 consent. The premises have an EPC rating of G.
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 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.