LEASE AVAILABLE
63A George Street
Edinburgh
EH2 2JG

Prime City Centre Office Space
Lease Available

Fourth Floor: 1,673 sq ft
Passing Rent: £53,536 pa
Location

Edinburgh has a population of 507,000 and is one of the strongest retailing centres in the UK, dominating its catchment of 1.6 million. Edinburgh is the second most visited city in the UK with over 4 million visitors a year. The Auction House is situated in a 100% prime location on the North side of George Street in the centre of the New Town, close to a range of cafe’s, bars, restaurants and some of the UK’s most iconic brands. Nearby occupiers include Pret A Manger, All Bar One, Starbucks, Contini, Abercrombie & Fitch, Lululemon and InterContinental Edinburgh The George Hotel.

Description & Accommodation

The Auction House offers modern office accommodation in the heart of the city centre, boasting an elegant Georgian facade and panoramic views of the city. The building benefits from a range of services and amenities including lift access, male and female WC facilities on each floor, shower facility, feature LED lighting and gas fired central heating. The fourth floor level provides a spacious open plan office space, one meeting room, storage and a kitchen facility.

The premises are arranged over fourth floor level only and comprise the following approximate net internal area:
Fourth Floor: 1,637 sq ft / 152.14 sqm

Additionally, The Auction House benefits from a stylish business lounge located on the first floor of the building, available to all occupiers providing a comfortable and professional breakout space.

Lease / Rent

The subjects are held on an FRI lease expiring 13th November 2028, with a tenant break option effective 14th November 2025 subject to 6 months notice.
The passing rent is £53,536 pa.

Service Charge

There is a service charge cap of £10.00 per sq ft exclusive of utilities. Subject to RPI increases.

Rates

Rateable Value: £25,400
UBR (2023/24): £0.498
Rates Payable: £12,649 pa

Planning / EPC

The premises currently benefit from Class 4 Consent under the Town & Country Planning (Use Classes)(Scotland) Order 1997.  EPC Report is available on request.

Legal Costs

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.

Anti-Money Laundering Regulations

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.

LEASE AVAILABLE

63A George Street
Edinburgh
EH2 2JG
Viewing strictly by appointment through ORINSEN

Tom Forster
T. 0131 374 1111
M. 07919 920 126
E. tforster@orinsen.com

Joe Stephenson
T. 0131 374 1111
M. 07580 519 431
E. joe@orinsen.com

Important Notice

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.

Published 30.09.20

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