This unique property provides a self-contained, C-Listed townhouse offering predominately open plan floorplates over lower ground, mezzanine, first, second and third floors. Internally the accommodation provides contemporary space with kitchen facilities, WCs and shower facilities.
The subjects benefit from the following specification:
- Gas fired central heating
- Open plan floors
- CAT 5e cabling
- Mix of up suspended, wall mounted & feature lighting
- Kitchen facilities at 1st, 2nd & 3rd floors
- WCs on LG, 1st & 2nd floors
- Shower
- Rear garage with 2 car parking spaces
The premises are to be refurbished to include new floor coverings and redecoration throughout.
Location
19 Thistle Street is situated in the heart of central Edinburgh close to George Street and St Andrew Square.
Number 19 is on the north side of the street between Hanover Street and North St David Street surrounded by a range of amenities, with an excellent selection of bars, cafes, and shops in the immediate vicinity.
The subjects have fantastic access to public transport being just a 2-minute walk from St Andrew Square tram stop, and only 5 minutes’ walk from Waverley Railway Station. Edinburgh Bus Station and a plethora of local bus routes are also a short walk from the property.
Nearby occupiers include Abrdn, Rathbones, Heineken, Arup and Energy Savings Trust.
Accommodation
The property extends to the following approximate net internal floor areas:
Third Floor - 753 sq ft (70 sq m)
Second Floor - 421 sq ft (39 sq m)
First Floor - 668 sq ft (62 sq m)
Mezzanine - 612 sq ft (57 sq m)
Lower Ground Floor - 205 sq ft (19 sq m)
TOTAL - 2,659 sq ft (247 sq m)
Terms
PLANNING - We have been advised by the Local Planning Authority that the subjects currently benefit from Class 4 consent and can therefore be used as offices under this class consent. Interested parties are advised to speak directly to the Local Planning Authority.
LEASE - Our client is looking to let the premises on a new full repairing and insuring lease for a term to be agreed. Ideally to one tenant but consideration will be given to leasing on a floor-by-floor basis.
RATING - We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2023 is £33,400. (Each new occupier has the right of appeal against this figure).
Based on the basic property rate of 49.8p , this rateable value will result in an estimated rates liability in financial year 2024/25 of £16,633.
QUOTING RENT - Following refurbishment our client is seeking a rent based of £26.00 per sq ft for the whole building. For lettings of smaller areas or individual floors please contact the sole letting agent.
ENERGY PERFORMANCE CERTIFICATE - EPC Rating = C.
DATE OF ENTRY - The property is available for immediate occupation.
AML REGULATIONS - Under HMRC and RICS regulations and The Proceeds of Crime Act 2022, as property agents facilitating transactions, we are obliged to undertake AML due diligence for both the purchasers/tenants and vendors/landlords involved in a transaction. As such, personal and/or detailed financial and corporate information may be required before any transaction can conclude.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Specification
- Sought after City Centre location
- Self contained townhouse
- 2,659 sq ft (247 sq m)
- Private garage with 2 car spaces