The subjects comprises a rare four storey Georgian Townhouse property which is currently occupied but due to be refurbished upon lease expiry. The offices are accessed via a grand entrance at ground floor level which benefits from a client waiting area, meeting space and two offices. The property benefits from four floors of further offices/meeting rooms, kitchen/tea prep and storage facilities with the lower ground floor consisting of a rear extension offering a large open plan office space with access into the rear garden. The building will be cosmetically refurbished upon expiry of the current lease in May 2022 for which the specifications can be obtained on request. Floor plans of the building are also available on reques
Location
The subjects are located on the north side of Rutland Square which is specifically located in the city centre of Edinburgh, Scotland’s capital city. Rutland Square is a renowned prestige office address and comprises of townhouses which are mainly offices or private residential houses. Rutland Square is easily accessible with great public transport links such as the West End Tram Hault and Lothian bus stops on Shandwick Place. Rutland Square is located in an area of the city centre which has an abundance of local amenities for staff including bars, restaurants, coffee shops and gyms. Albeit located in a very central location, Rutland Square is a very quiet square historically and offers tenants a peaceful setting while still benefiting from being in such a central location. The property has an abundance of local ameniti
Accommodation
Lower Ground Floor 109 sq m (1,181 sq ft )
Ground Floor 75sq m ( 805sq ft )
1 st Floor 89 sq m (956sq ft )
2 nd Floor 74 sq m (794 sq ft )
TOTAL 347sq m ( 3,736sq ft )
Terms
RATEABLE VALUE The subjects are entered in the current Valuation Roll at a combined rateable value of £58,500 which will result in net payable rates of approximately £28,665 per annum. A new occupier has the right to appeal the rateable value within 6 months from their date of entry.
RENTAL/PRICE The subjects are offered on a full repairing and insuring basis on a new lease, incorporating regular rent reviews at an initial rent of £25psf.
LEGAL COSTS Each party to bear their own legal costs in the documentation of this transaction; however the ingoing tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
EPC The Property benefits from an EPC Rating of D.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT
Specification
- TRADITIONAL GEORGIAN TOWNHOUSE
- LOCATED IN THE HIGHLY DESIRABLE RUTLAND SQUARE, EDINBURGH
- OFFICE EXTENDS TO 3,736 SQFT OVER FOUR FLOORS
- DUE TO BE REFURBISHED PRIOR TO NEW TENANT OCCUPATION