The subjects comprise a multi-windowed Class 1A premises arranged over the ground & basement floors of a three storey, attic and basement brick built property. The ground floor benefits from a large display frontage, allowing for excellent branding opportunities & is fitted out to an exceptional standard throughout. The basement is accessed via a staircase to the rear and comprises of an office, storage and WC facilities. The space is currently utilised as hairdresser but would be suitable for a variety of alternative uses subject to planning consent.
Location
The subjects are located on the north side of West Register Street in the heart of Edinburgh’s East End, bounded by Princes Street to the south and St Andrews Street to the west. West Register Street is positioned in close proximity to the St James Development & embedded in a well established commercial neighbourhood in Edinburgh’s city centre surrounded by many reputable retail, office and leisure occupiers.
Terms
LEASE TERMS The subjects are offered on a full repairing an insuring basis for a term to be agreed incorporating regular rent reviews at an initial rental of £20,000 per annum.
LEGAL COSTS Each party to bear their own legal costs in the documentation of this transaction; however, the in-going tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
ANTI MONEY LAUNDERING REGULATIONS The money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed
RATEABLE VALUE The subjects are entered in the current Valuation Roll at a rateable value of £19,100 which result in net annual payable rates of approximately £9,512. Please note, a new owner or occupier of a commercial property has the right to appeal this rateable value within 6 months of the beginning of the tenancy.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
EPC Released on application.
Specification
- WITHIN HEART OF BUSTLING COMMERCIAL HUB
- OFFERS OVER £20,000 PER ANNUM
- REFURBISHED TO EXTREMELY HIGH STANDARD THROUGHOUT
- ARRANGED OVER GROUND AND BASEMENT FLOORS
- PREMISES EXTENDS TO 85.58 SQM (921 SQFT)
- LARGE FRONTAGE FOR EXCEPTIONAL BRANDING OPPORTUNITY