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Office Accommodation With Parking, 37 York Place, Edinburgh, EH1 3HP

706 to 2,471 Sq Ft / Offices

To Let - £62,000.00 per annum

Available - Last updated: 22 September 2022

The subjects comprise a self contained lower ground to first floor offices within a traditional mid-terraced building fronting onto York Place. The property has been refurbished throughout and is offered in walk-in condition.

Internally, the property provides a number of well proportioned office rooms on each floor. Heating is by way of wall-mounted electric heaters and the accommodation further benefits from wall mounted AC units, dedicated tea preparation facilities and both male and female WCs.

( Agency Pilot Software ref: 12080 )

Location

The premises are located within Edinburgh’s City Centre and are situated on the south side of York Place close to its junction with Elder Street. The area nearby around St Andrew Square has traditionally been home to many blue chip corporate occupiers including Royal Bank of Scotland, HBOS plc and abrdn but is now home to many new eateries such as Gordon Ramsay’s Bread Street Kitchen, Gaucho, Dishoom and The Ivy on The Square to name only a few. The location is adjacent to the new St James’ Quarter which has only retail and new housing incorporated with no office space for letting. Harvey Nichols’ only Scottish store, together with Multrees Walk is just a 5 minute walk from the property has attracted high-fashion retailers such as Boss, Burberry and Louis Vuitton.

The property is close to public car parking and benefits from excellent transport links, with Edinburgh Bus Station and Waverley train station within 5 minutes walk along with Edinburgh’s tram route which runs immediately past the property on York Place with the tram halt within 2 minutes walking distance.

Accommodation

The property provides the following accommodation as measured on a Net Internal basis:

Lower Ground Floor - 66 sq m (706 sq ft)

Ground Floor - 77 sq m (829 sq ft)

First Floor - 87 sq m (936 sq ft)

Total - 230 sq m (2,471 sq ft)

CAR PARKING - There are 5 clear car parking spaces to the rear of the property.

Terms

TERMS - The property is available to lease on the following terms:

Ground, First and Lower Ground Floor Offices (2,471 sq ft)

At a rental of £62,000 per annum plus VAT, including 5 clear car park spaces at the rear.

OR

Ground and First Floor Offices (1,765 sq ft)
At a rental of £42,800 per annum plus VAT, including 3 clear car park spaces at the rear.

OR

Lower Ground Floor Offices (706 sq ft)
At a rental of £19,120 per annum plus VAT, including 2 clear car park spaces at the rear.

In each case a FRI Lease will be offered for a term of 5 years or a term of 10 years with a mutual break at the end of the 5th year.

BUSINESS RATES - We have been verbally informed by the Lothian Valuation Joint Board that the current Rateable Value is £40,200 (including the dedicated car parking spaces) which results in a present rates liability (2022/23) of £20,020.

LEGAL COSTS - Each party will be responsible for their own legal costs in this transaction. In the normal manner, the ingoing tenant will be liable for any LBTT, registration dues and VAT thereon.

VAT - All figures quoted are exclusive of VAT, which will be payable at the prevailing rate.

ENTRY - Entry can be made upon satisfactory conclusion of all legal formalities.

ENERGY PERFORMANCE CERTIFICATE (EPC) - The lower ground floor has an EPC Rating "C" and the ground and first floor has an EPC “D” rating.

Specification

  • Refurbished throughout
  • Air conditioned
  • 5 dedicated car parking spaces

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £62,000.00 per annum

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Contact agents

Iain Taylor

Ryden LLP

0131 610 0641

Jack Chandler

Ryden LLP

0131 610 0829



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