100% Prime George Street
Fully Fitted Retail Unit
Edinburgh is Scotland’s capital and main financial and administrative centre. The subject property is situated in the 100% prime block of George Street, between Frederick Street and Hanover Street in the heart of the city centre. The property comprises a self-contained retail unit over ground and basement floors. The unit is fitted out to an exceptional standard, incorporating a retail unit, barbers and coffee station. George Street is considered to be one of Edinburgh’s best retailing pitches, with several high-end and designer fashion retailers represented. Nearby retailers include Jack Wills, Seasalt, Hollister, Paperchase, Anthropologie, Fat Face, Sweaty Betty, Bobbi Brown and Lululemon.
The premises are arranged over the ground and basement floors and comprise the following approximate net internal areas:
Ground Floor: 814 sq ft / 75.62 sqm
Basement: 608 sq ft / 56.49 sqm
The premises are currently held on an FRI lease expiring 25/02/2028 with a tenant only break option 25/02/2023 however we believe a new longer term deal may be agreed with the landlords.
Rateable Value: £143,500
UBR (2021/22): £0.516
Rates Payable: £74,046 pa
This property has a service charge of £1,605 pa, an EPC of C and Class 1 retail consent.
Each party to be responsible for their own legal and professional costs incurred in this transaction. 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.