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DEVELOPMENT OPPORTUNITY, 23 Rutland Square, Edinburgh, EH1 2BW

4,242 Sq Ft / Offices / Traditional

Sold - Last updated: 27 August 2014

23 Rutland Square comprises an entire Georgian townhouse, Grade A listed constructed of traditional sandstone under flat roof with a solar reflective covering. The property is arranged over lower ground, ground, first, second and third floor levels and has the significant benefit of a large car parking area to the rear of the premises accessed directly from the Square. The car parking area can accommodate approximately 8 cars in total.

Internally, the property is ideally configured providing a series of well-proportioned rooms, a number of which still retain their original features. The property requires refurbishment however provides a rare opportunity to acquire a full end terrace townhouse within the Square. Additionally, the third floor provides full height rooms as an extended floor, good stair access is provided in addition excellent stair access is provided to the roof area.

Location

Rutland Square is situated within the heart of Edinburgh city centre, ideally placed to access the principal business districts within the central area, the Square is widely regarded as one of the prime addresses in the central core.

The Square is within close proximity to Shandwick Place, one of the principal arterial routes into the city centre and a few minutes walk to Lothian Road, Princes Street and George Street. Transport links are excellent with Haymarket and Waverley stations only a short walking distance, additionally the proposed tram route will also run through Shandwick Place enhancing the transport links.The location is also within very close proximity to the Exchange District, the key financial centre in Edinburgh which incorporates a number of major occupiers including Standard Life, Scottish Widows, Lloyds Banking Group, Barclays, Clydesdale Bank, Bank of New York Mellon and Franklin Templeton together with major professional practices such as Shepherd & Wedderburn, Burness and MacRoberts.

The Square is well located to take advantage of all of the principal facilities and amenities within the city centre including the restaurants, retail and leisure facilities, all within short walking distance from the subject premises. The property is located on the northwest corner of the Square.

Accommodation

Lower Ground Floor 832 sq ft
Ground Floor 828 sq ft
First Floor 936 sq ft
Second Floor 843 sq ft
Third Floor 801 sq ft
Total 4,242 sq ft

The gross internal area of the premises has been calculated at approximately 514.19 sq m (5,535 sq ft). Additional storage areas are provide under the pavement which we have estimated to extend to approximately 200 sq ft. Further storage is also available at basement level extending into Rutland Square from the west facing gable wall.

The property has the benefit of an existing car parking provision situated immediately behind the townhouse. We have estimated that 5 clear car spaces can be accommodated and up to 8 spaces in total depending on usage.

Terms

Planning: The property is presently listed with the Edinburgh City Local Plan as offices however subject to appropriate planning consents could be adapted to create residential accommodation either as a whole in component parts.

Sale Terms: Our clients are seeking to dispose of their heritable interest in the property and the car park with full vacant possession available. Price on application.

Specification

The energy performance of the property has been assessed and has an EPC Rating of G.


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