Prime Retail Unit
Frontage onto Waverley Steps
Edinburgh is Scotland’s capital, boasting a resident population of 476,600 and a broader city population estimated at 1,600,000. Waverley Mall occupies a prime retail location at the east end of Princes Street in the city centre, adjacent to Edinburgh St James and Waverley train station, where annual footfall for 2019 was 29 million, with 63% of people walking past the Waverley Mall entrance. Waverley Mall offers the opportunity to join a strong line-up of High Street retailers already in the mall. The unit is situated at the entrance to the mall and benefits from signage onto Waverley Steps, which is one of the main entrances to Waverley Station. Nearby occupiers including Starbucks, Tiger, The Body Shop and Post Office.
The subjects comprise a retail unit arranged on the upper mall extending to the following approximate net internal area:
Ground Floor: 11,533 sq ft / 1,072 sqm
Subject to agreement, the unit could be sub-divided into different/smaller configurations to suit individual requirements.
The subjects are available on a new FRI lease.
Offers over £125,000 pa sought.
Rateable Value: £173,250
UBR (2021/22): £0.516
Rates Payable: £89,397 pa
The estimated service charge for this financial year is £139,582.
The premises benefit from having Class 1 consent. EPC Report available on request.
Each party to be responsible for their own legal costs incurred during the 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.