Retail Unit to Let
Edinburgh is Scotland’s capital and administrative centre with a resident population in the region of 500,000 people and an estimated catchment of 1.5m people within a 30 mile radius.
Hanover Street connects Queen Street to George Street and is an established retail and leisure destination. More specifically, the premises are located on the west side of Hanover Street in the block bounded by Thistle Street to the north and George Street to the south. Nearby occupiers include Grand Cru, Six by Nico, Urban Angel, SK:N, Medusa Hair, Neal’s Yard Remedies and Chez Jules.
The premises comprise a prominent restaurant arranged over the lower ground floor of a substantial stone built building under a pitched and slated roof.
Internally the premises are fitted out as a restaurant and comprise two main seating areas with rear kitchen, staff and WC facilities together with ancillary storage.
The premises are arranged over lower ground floor only and comprise the following approximate net internal area:
Lower Ground Floor: 1,962 sq ft / 182.28 sqm
The premises are available on a new full repairing and insuring lease for a negotiable period of time subject to upward only rent reviews.
Offers in excess of £50,000 pa exclusive are invited.
Rateable Value: £57,500
UBR (2021/22): £0.503
Rates Payable: £28,922 pa
The premises currently benefit from Class 3 (Restaurant) Consent under the Town & Country Planning (Use Classes)(Scotland) Order 1997. 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.
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.