Lease for Sale Retail Unit
7 Exchange Crescent, Conference Square, Edinburgh EH3 8AN Tel: 0131 225 6612
Lease for Sale Retail Unit
27-31 Shandwick Place Edinburgh EH2 4RG
On the Instructions of
City Centre location Suitable for a variety of uses, subject to planning NIA : 5,373 sqft (499 sq m)
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212
LOCATION Shandwick Place is a continuation of Princes Street, Edinburgh’s prime retailing destination, heading west. This is a busy retailing location with both local residents, commuters and tourists to the City. The subjects are located on the south side of Shandwick Place where nearby occupiers include Coral, Travelodge Hotel, Optical Express, Sainsburys, Local, Specsavers, Co-op and Bank of Scotland amongst others. DESCRIPTION The subjects comprise a ground floor retail unit with the benefit of a double frontage.
RATING We understand from the Local Assessor’s website that the subjects have the following rating assessment:Rateable Value UBR (2016/17) Rates Payable
£125,250 £0.51 £63,877 (exclusive of water/sewerage)
LEGAL COSTS Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable.
Internally the subjects are arranged to provide ground floor sales with staff and storage accommodation at basement. There is limited head height of between 1.5m to 2.1m at basement level.
VALUE ADDED TAX 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.
ACCOMMODATION The subjects have the following approximate areas:-
VIEWING / FURTHER INFORMATION Strictly through the sole letting agents:-
Ground Floor
3,500 sq ft
(325 sq m)
Basement
1,873 sq ft
(174 sq m)
TOTAL
5,373 sq ft
(499 sq m)
John Conroy Tel: 0131 225 6612 [email protected]
TENURE The subjects are held on an existing lease expiring in June 2028 at a passing rental of £140,000 per annum. ENERGY PERFORMANCE CERTIFICATE EPC Rating = F Date of Revision: January 2017 Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, an d do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupati on, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but m ust satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property.
Lease for Sale Retail Unit
27-31 Shandwick Place Edinburgh EH2 4RG
On the Instructions of
City Centre location Suitable for a variety of uses, subject to planning NIA : 5,373 sqft (499 sq m)
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212
LOCATION Shandwick Place is a continuation of Princes Street, Edinburgh’s prime retailing destination, heading west. This is a busy retailing location with both local residents, commuters and tourists to the City. The subjects are located on the south side of Shandwick Place where nearby occupiers include Coral, Travelodge Hotel, Optical Express, Sainsburys, Local, Specsavers, Co-op and Bank of Scotland amongst others. DESCRIPTION The subjects comprise a ground floor retail unit with the benefit of a double frontage.
RATING We understand from the Local Assessor’s website that the subjects have the following rating assessment:Rateable Value UBR (2016/17) Rates Payable
£125,250 £0.51 £63,877 (exclusive of water/sewerage)
LEGAL COSTS Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable.
Internally the subjects are arranged to provide ground floor sales with staff and storage accommodation at basement. There is limited head height of between 1.5m to 2.1m at basement level.
VALUE ADDED TAX 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.
ACCOMMODATION The subjects have the following approximate areas:-
VIEWING / FURTHER INFORMATION Strictly through the sole letting agents:-
Ground Floor
3,500 sq ft
(325 sq m)
Basement
1,873 sq ft
(174 sq m)
TOTAL
5,373 sq ft
(499 sq m)
John Conroy Tel: 0131 225 6612 [email protected]
TENURE The subjects are held on an existing lease expiring in June 2028 at a passing rental of £140,000 per annum. ENERGY PERFORMANCE CERTIFICATE EPC Rating = F Date of Revision: January 2017 Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, an d do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupati on, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but m ust satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property.
