Edinburgh
EH2 3DF
Prime City Centre Retail Unit - To Let
The premises are situated in a prominent location on the south side of George Street in the block bounded by Castle Street to the west and Frederick Street to the east. Nearby occupiers include The White Company, Space NK, Whistles, Jo Malone, Hollister, Cruise, Gant and Rohan.
The premises are arranged over ground, basement and mezzanine levels and comprise the following approximate net internal areas:
Ground Floor: 2,735 sq ft / 254.18 sqm
Basement: 2,417 sq ft / 224.63 sqm
Mezzanine: 966 sq ft / 89.78 sqm
The premises are available by way of a new FRI lease for a negotiable period of time. Entry by agreement, subject to vacant possession.
Offers in excess of £155,000 pa exclusive of VAT are invited.
Proposed Rateable Value: £121,750
UBR (2023/24): £0.524
Proposed Rates Payable: £63,797 pa
The above figures from the Scottish Assessors Association website are based on the next revaluation in Scotland due to take effect from 1 April 2023. Each interested party should satisfy themselves on business rates with the appropriate authority.
The premises benefit from having Class 1 Retail consent but may be suitable for alternative uses subject to planning. The property currently has an EPC rating of D.
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.
TO LET
Edinburgh
EH2 3DF
Anna Hansen
T. 0131 374 1114
M. 07717 411 668
E. ahansen@orinsen.com
Andy Bain
T. 0131 374 1117
M. 07770 524 977
E. abain@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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