Rare opportunity to acquire an entire corner heritable interest in the heart of Edinburgh city centre.
Comprises a prime retail unit over basement and ground floors, with lift accessed offices on 1st-4th floors. Stunning views looking to Edinburgh Castle and the Old Town.
Location
71 George Street is located in the heart of Edinburgh’s business district linking Charlotte Square to the west with St Andrew Square to the east.
The property is situated on the north side of George Street, on the corner of Frederick Street and George Street.
The location benefits from an outstanding range of hotels, bars, restaurants and cafés in the immediate surrounds.
The building is in close proximity to excellent transport links with both Edinburgh Bus Station in St Andrew Square and Waverley Railway Station within a short walking distance. There is also easy access to tram and bus services on Princes Street, providing transport to Edinburgh Airport.
Accommodation
Basement - 3,591 sq ft
Ground Floor - 3,305 sq ft
First Floor - 3,201 sq ft
Second Floor - 3,217 sq ft
Third Floor - 3,188 sq ft
Fourth Floor - 3,177 sq ft
Total - 19,679 sq ft
Terms
Tenancy
The 4th Floor is let to the ELA Group Ltd until 3/11/2021 at a current passing rental of £XXXp.a. exclusive.
EPC
We are advised that the Energy Performance Rating of the property is ?.
VAT
The subject property is elected for VAT.
We expect the transaction to be structured as a Transfer of Going Concern (TOGC).
Legal
Each Party will be responsible for their own legal costs incurred in connection with the transaction.
Tenure
Heritable (Scottish equivalent of English freehold).
Proposal
We are seeking offers exclusive of VAT for the benefit of our client’s heritable interest.