AVAILABLE FROM FEB 2025 / P&C – Staff Unaware
No 8 South St Andrews Street comprises a ground floor retail unit forming part of a striking Grade B Listed Building constructed circa 1900, designed by renowned Edinburgh architects Messrs Cousin, Ormiston and Taylor and originally occupied by ‘Hotel Paris’.
The property benefits from an attractive ‘return’ frontage and is currently fitted out as a high end hair salon over ground and basement levels.
Location
Edinburgh is Scotland’s Capital City with a resident population of approximately half a million people and is widely recognised as a hugely significant financial and tourist destination in the UK, attracting over 4 million people annually and generating £1.2 bn for the local economy.
The property benefits from a highly prominent corner location on South St Andrews Street close to the junction with Princes Street and right in the heart of Edinburgh New Town. The historic St Andrews Square is close by with Waverley train station a short walk away and the main tram route is on the doorstep.
The ‘Northern’ end of the street is host to several iconic brands, including Harvey Nichols, Gleneagles Townhouse and Canada Goose and the new St James Quarter is less than 5 mins walk away via Multrees Walk or Princes Street. Other nearby occupiers include Nationwide Building Society, Wahaca, Franco Manca and Tattu.
Accommodation
The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and has the following approximate floor areas.
Ground Floor - 132.7sqm (1,429 sqft)
Basement - 110 sqm (1,185 sqft)
TOTAL - 242.7 sqm (2,614 sqft)
Terms
LEASE TERM - A new full repairing and insuring lease is available. Rent on application.
RATES - We are informed the Rateable Value for 2023/24 is £65,300 with rates payable of £33,368.
PLANNING - The property is currently occupied by a hair salon and benefits from a Class 1A planning consent but may suit a range of uses including Class 3. A planning application has been submitted.
LEGAL COSTS - Both parties will be responsible for their own legal costs associated with any transaction