This retail unit in Edinburgh city centre boasts high visibility and significant foot traffic. Featuring Class 3 consent, it's perfect for dining or cafe operations. Its prime location enhances the potential to attract a diverse clientele, making it a standout opportunity in a bustling commercial area.
Location
Edinburgh is the capital of Scotland and major administrative centre which is home to The Scottish Parliament, Scottish Executive and Judiciary System. The city is a major tourist destination, the UK’s second largest financial centre, with a resident population of approximately 450,000 and catchment of 780,000. The property is located on the east side of Frederick Street between its junctions with Princes Street, Edinburgh’s principal shopping street, and Rose Street. This is a firmly established retail and leisure location and neighbouring occupiers including Hotel Chocolat, Barbour, Five Guys, The North Face, Loake and Schuh.
Accommodation
50 SQ M (541 SQ FT)
Terms
We understand that the subjects are currently entered in the Assessor’s Valuation Roll as follows: Rateable Value : UBR (2024/25) : Rates Payable : (excl. water/sewerage)
EPC £21,400 £0.498 £10,657 The property has an EPC Rating of ‘G’.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
LEGAL COSTS In the normal manner, each party will be responsible for their own costs incurred with the tenant being responsible for Land and Buildings Transactional Tax and registration dues.
LEASE TERMS The subjects are available on a new lease on Full Repairing and Insuring terms incorporating 5 yearly rent reviews for a term to be agreed.
RENT £25,000 per annum exclusive.
PLANNING The property has the benefit of class 3 consen
Specification
- PROMINENT RETAIL UNIT WITH CLASS 3 PLANNING CONSENT IN THE HEART OF THE CITY CENTRE
- WELL CONFIGURED UNIT ARRANGED OVER UPPER GROUND FLOOR