The subjects comprise the ground floor and basement of a mid-terraced, four-storey building of traditional stone construction, under a pitched slate roof. The premises benefits from a traditional retail frontage with a central doorway and display windows on either side, providing excellent visibility and natural light fronting onto Rose Street.
Internally, the accommodation is arranged with an open plan shop floor with central staircase leading to a basement consisting of a W/C, tea prep and additional storage.
Location
The subjects are situated on Rose Street, occupying a prime position in the heart of Edinburgh city centre between Princes Street and George Street. The location is one of the city’s most established retail and leisure destinations, benefitting from high levels of footfall throughout the day and evening.
The surrounding area comprises a vibrant mix of retail, office, and residential uses, with a strong presence of both local independents and national brands. The property is within walking distance of Waverley Station, St Andrew Square, and Princes Street Gardens, and benefits from excellent public transport links, including numerous bus and tram routes.
Neighbouring occupiers include Greggs, The Kimpton Charlotte Square Hotel, Dirty Dicks Pub, Lush, and a variety of bars, restaurants, and boutique retailers.
Accommodation
Ground Floor - 598 sq ft
Basement - 344 sq ft
Total - 942 sq ft
Terms
LEASE TERMS:
Our clients are seeking offers over £34,000 (Excl of VAT) per annum on a new Full repairing and Insuring lease, for a minimum term of 5 years.
PLANNING/USE CONSENT:
It should be noted that the property has granted planning consent for Public House (Sui Generis) use consent, however, no works have been executed and the current use consent presently remains Class 1A.
It should also be noted that the property contains a historic extraction system, situated to the rear of the building. Therefore, the premises may be suitable for reinstatement, subject to the necessary planning consents.
For further information relating to the current planning consents, please refer to planning reference 25/00985/FUL .
NON-DOMESTIC RATES:
According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £21,300 per annum.
SERVICES:
We understand the subjects benefit from electric, mains drainage and mains water services.
ENERGY PERFORMANCE:
A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. The subjects benefit from a B rating.
PROPOSAL:
Any proposals to lease should be sent directly to the sole letting agents.
LEGAL COSTS:
Each party will be responsible for paying their own legal costs incurred in any transaction.
VAT:
All prices quoted are exclusive of VAT which we have been informed is not chargeable.
Specification
- Suitable for a range of Class 1A uses
- May also be suitable for Public House use (Consent granted) or Class 3 use (Subject to consents)
- Prominent city centre location, surrounded by both local and national occupiers.
- High levels of pedestrian footfall throughout the year.
- Offers Over £34,000 per annum (exclusive of VAT)