*Closing date - 12 noon, Wednesday 16 November 2016*
Location
The property is situated within Edinburgh’s Old Town on a prominent corner position within the eastern section of Chambers Street at its junction with Guthrie Street. Chambers Street lies approximately 1/4 mile south of the Royal Mile. Within easy walking distance are all the main tourist attractions within the Old Town, with a huge variety of shops, restaurants, cafes and hotels within the immediate vicinity. The University of Edinburgh, Waverley Station, Princes Street Gardens, Greyfriars Kirk and the Grassmarket are also nearby, offering a fantastic central location in which to live, work or indeed explore the city.
Description
This former police training school was erected circa 1887, and is of cast-iron column & beam construction with a polished ashlar sandstone facade. The property is arranged over five levels from basement to third floor mansard attic level, extending in rectangular form to a total gross internal area of 14,445 sq.ft. (1,324 sq.m.). The internal condition is ‘tired’ and laid out as office and training room accommodation. There is no passenger lift.
Accommodation
sq m sq ft
Third: 280 3,014
Second: 291 3,132
First: 293 3,154
Ground: 280 3,014
Basement: 198 2,131
Totals: 1,342 14,445
Planning
The property is category C listed and was designed by Messrs Lessels & Cousins, in the Scots Jacobean Style. As it is located within the Old Town Conservation Area and World Heritage Site, any refurbishment or alteration will be subject to planning and listed building policies & guidance with respect to these important designations. It may be possible for change of use to residential, student accommodation or hotel use, subject to the appropriate planning & listed building consents. It should be noted the property is currently in Office use. Please note, copies of the Edinburgh City Local Plan are available on-line and at the Planning Reception Desk, City of Edinburgh Council, Waverley Court, 4 East Market Street, Edinburgh EH8 8BG.
Energy Performance Certificate
The property has been assessed and given a G rated EPC.
Rateable Value
NAV/RV: £XXX (Office)
Terms
The property will be sold by way of disposition and associated deed of conditions containing such reservations, burdens and conditions as the Police Solicitor may consider necessary to protect the Authority’s interest. These may include reservations regarding minerals, services, etc and provisions regarding maintenance, insurance, uses, etc.
Offers
Offers are invited for the Scottish Police Authority’s heritable interest, with the benefit of vacant possession. Offers must be submitted by the closing date. A clawback agreement may be required depending on the structure of the offer received. In order for the Council to fully assess and evaluate offers, on behalf of their client, bids must include:
a Gross Price
b Schedule of abnormal costs (if necessary)
c Schedule of Section 75 contributions (if necessary)
d Detailed timescales for purification of suspensive conditions
e Net Price f Guaranteed Minimum Price, if different than (e)
g Proposed layout drawings and schematics, providing full & detailed schedule of accommodation
h Supporting financial information confirming how both the purchase price and total development costs will be financed
Fees
The purchaser will pay the Police Authority’s reasonably incurred legal costs plus the Council’s Corporate Property Charge of 2.5% of the net purchase price (Capped at £XXX).
VAT
We understand the property is not registered for VAT purposes and therefore VAT will not apply on the purchase price.