Retail Unit to Let
Edinburgh is Scotland’s capital and administrative centre 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 Waverley train station. Waverley Mall offers the opportunity to join a strong line-up of High Street retailers already in the mall.
The unit is located in the main section of the mall with nearby occupiers including Superdry, Starbucks, Greggs and The Body Shop.
The subjects comprise a retail unit arranged on the upper mall extending to the following approximate net internal area:
Ground Floor: 2,077 sq ft / 193.03 sqm
The subjects are available on the basis of a new full repairing and insuring lease subject to 5 yearly rent reviews.
Offers in excess of £50,000 pa are invited.
Rateable Value: £38,400
UBR (2022/23): £0.498
Rates Payable: £19,123 pa
The estimated service charge for this financial year is £33,281.
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.