Prime Retail Unit
Located close to Princes Street
Class 1 Consent
The subject property occupies a prime retail location on Frederick Street, one of Edinburgh’s principal retailing thoroughfares, linking Princes Street and George Street in the heart of the city centre. The property is situated on the east side of Frederick Street close to the junction with Princes Street and pedestrianised Rose Street.
The subject property benefits from high pedestrian flow with nearby retailers including Le Creuset, Five Guys, North Face, size?, Hotel Chocolat, Schuh, Musto & Barbour.
The property comprises a retail unit arranged over ground and basement floors and has significant presence and frontage onto Frederick Street.
The property extends to the following approximate net internal areas:
Ground Floor: 1,094 sq ft / 101.50 sqm
Basement (Sales/Storage): 947 sq ft / 87.97 sqm
Under Pavement Store: 228 sq ft / 21.20 sqm
Offers of £70,000 per annum exclusive of VAT are invited. The subjects are available on a new FRI lease.
Rateable Value: £87,200
UBR (2021/22): £0.503
Rates Payable: £43,862 pa
The premises benefit from having Class 1 consent. The premises have an EPC rating of F.
Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land and 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.