37 York Place offers self-contained refurbished townhouse office accommodation with dedicated car parking located immediately adjacent to the new St James' Quarter in Edinburgh's city centre.
( Agency Pilot Software ref: 12080 )
Location
The premises are located within Edinburgh’s City Centre and are situated on the south side of York Place close to its junction with Elder Street. The area nearby around St Andrew Square has traditionally been home to many blue chip corporate occupiers including Royal Bank of Scotland, HBOS plc and abrdn but is now home to many new eateries such as Gordon Ramsay’s Bread Street Kitchen, Gaucho, Dishoom and The Ivy on The Square to name only a few. The location is adjacent to the new St James’ Quarter which has only retail and new housing incorporated with no office space for letting. Harvey Nichols’ only Scottish store, together with Multrees Walk is just a 5 minute walk from the property has attracted high-fashion retailers such as Boss, Burberry and Louis Vuitton.
Accommodation
Lower Ground Floor 66 sq m( 706 sq ft)
Ground Floor 77 sq m( 829 sq ft )
First Floor 87 sq m (936 sq ft )
Total 230 sq m (2,471 sq ft)
Terms
The property is available to lease on the following terms: Ground, First and Lower Ground Floor Offices (2,471 sq ft) At a rental of £62,000 per annum plus VAT, including 5 clear car park spaces at the rear. OR Ground and First Floor Offices (1,765 sq ft) At a rental of £42,800 per annum plus VAT, including 3 clear car park spaces at the rear. OR Lower Ground Floor Offices (706 sq ft) At a rental of £19,120 per annum plus VAT, including 2 clear car park spaces at the rear. In each case a FRI Lease will be offered for a term of 5 years or a term of 10 years with a mutual break at the end of the 5th year.
BUSINESS RATES We have been verbally informed by the Lothian Valuation Joint Board that the current Rateable Value is £40,200 (including the dedicated car parking spaces) which results in a present rates liability (2022/23) of £20,020.
LEGAL COSTS Each party will be responsible for their own legal costs in this transaction. In the normal manner, the ingoing tenant will be liable for any LBTT, registration dues and VAT thereon.
VAT All figures quoted are exclusive of VAT, which will be payable at the prevailing rate.
ENTRY Entry can be made upon satisfactory conclusion of all legal formalities.
ENERGY PERFORMANCE CERTIFICATE (EPC) The lower ground floor has an EPC Rating "C" and the ground and first floor has an EPC “D” rating
Specification
- REFURBISHED THROUGHOUT
- AIR CONDITIONED
- 5 DEDICATED CAR PARKING SPACES