Available To Let or Sale
Unique opportunity located within the popular Newington district, approximately 1 mile south east of Edinburgh city centre.
Internally the property is arranged to provide a mix of cellular and large open plan spaces which are suitable for a variety of uses. The property is currently a retail warehouse.
Location
21-23 St Leonard’s Lane is located within Edinburgh’s popular Newington district, approximately 1 mile southeast of the city centre. Newington is a vibrant area which is home to Edinburgh’s most attractive landmarks including the Meadows, Holyrood Park and Arthur’s Seat. The area is characterised by a mix of traditional tenement blocks, modern student accommodation, cafes, bars, shops and amenities. St Leonard’s Lane is accessed from St Leonard’s Street which is one of Newington’s main arterial roads. Surrounding occupiers include Holyrood Distillery and Police Scotland.
Accommodation
424 SQ M (4,568 SQ SQ FT)
Terms
The property is available on a new Full Repairing & Insuring lease for a period to be agreed and a rent of £50,000 per annum. Our client will also consider selling and offers in excess of £600,000 to purchase the heritable interest are invited. Interested parties are advised to note their interest in writing to ensure they are kept updated on any closing dates.
BUSINESS RATES We have been advised by the local Assessor’s department that the premises currently have a combined Rateable Value of £21,350 resulting in rates payable (2024/25) of approximately £10,500 per annum .
EPC The EPC of the property is available on request.
VAT The property is not VAT registered. VAT will therefore not be payable on the rent or purchase price.
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.
Specification
- HIGHLY CENTRAL LOCATION
- SUITABLE FOR A WIDE VARIETY OF USES
- TRADITIONAL FEATURES THROUGHOUT
- MIX OF OPEN PLAN AND CELLULAR LAYOUT