The subjects comprise a ground and basement retail unit held within a four-storey mid-terraced traditional stone tenement held under a pitched and slated roof. The unit benefits from a double display frontage and is accessed via a recessed timber and glazed entrance door.
Internally, the ground floor comprises of an open plan retail area to the front with an additional retail space and toilet facility to the rear. The basement is accessed via a solid wooden staircase located at the rear of the ground floor and consists of storage and kitchenette facilities as well as a further staircase to the main front retail space.
( Agency Pilot Software ref: 52417 )
Location
The subjects are located within Edinburgh’s Old Town District, approximately 0.5 miles to the south of the city centre. More specifically the property is located on St Mary’s Street, which connects the Royal Mile to the Cowgate, Pleasance and Holyrood Road. The property is in close proximity to some of Edinburgh’s most popular tourist attractions, therefore benefits from high levels of footfall and vehicular activity
Accommodation
Ground 125.87sq m ( 1,355sq ft )
Basement 131.14 sq m (1,412 sq ft )
TOTAL 257.01 sq m (2,766sq ft )
Terms
RENT Quoting rent: £50,000 per annum (Exclusive of VAT)
RATES According to the Scottish Assessors Association, we have been advised that the subjects have a rateable value of £21,900.
LEGALS Each party has to beard their own legal costs. The tenant will be liable for the land and buildings transaction tax and the registration dues incurred in this transaction.
EPC Available upon request
Specification
- Ground floor & basement retail unit extending to 257 sqm (2,766 sq ft)
- Prominently situated in Edinburgh’s Old Town
- Long term lease preferred (10 years +)
- Suitable for a variety of uses (STP)
- Quoting Rent: £50,000 per annum (exclusive of VAT)