Prime Retail Unit
Edinburgh is Scotland’s capital city with a population of c.495,000 and a wider catchment of 1.5 million. Princes Street forms the traditional prime High Street retailing thoroughfare within the city and benefits from a footfall estimated at c.12m per year. The city centre benefits from a tram system, the only stop on Princes Street being opposite the subject property which occupies 100% prime position between its junctions with Frederick Street to the west and Hanover Street to the east. Nearby occupiers include Primark, Chisholm Hunter, Kiko, Gap, Superdrug, size?, Schuh and Ann Summers.
The subject property comprises lower ground floor level of a traditional Georgian townhouse and extend to the following approximate net internal area:
Lower Ground Floor: 613 sq ft / 57.01 sqm
Rental offers of £55,000 pa sought.
The subjects are available by way of a new FRI lease.
Rateable Value: £75,600
UBR (2021/22): £0.503
Rates Payable: £38,027 pa
The subject premises benefit from Class 1 consent. Entry is available immediately following conclusion of missives. The property has an EPC rating of F.
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.