The subjects comprise a large Class 1A premises arranged over the ground floor of an attractive four storey, attic and basement stone built mid terraced property surmounted under a pitched and slated roof. There is also a single storey projection onto Shandwick Place. Additionally, the main entrance is located on Shandwick Place and the rear can be accessed via Queensferry Street Lane.
Internally, the ground floor accommodation comprises a large open plan sales area with glass partitioned meeting rooms throughout. There are wc facilities, storage and staff rooms to the rear. The property’s open plan configuration would allow for a variety of uses to operate from the space subject to obtaining the necessary planning consents.
Location
The premises is located on Shandwick Place within the heart of the West End business district of Edinburgh. Shandwick Place is a continuation of Princes Street and is situated approximately a quarter of a mile west from the city centre.
The subjects benefit from several prominent transportation links within the locality, including Edinburgh’s tram system, as well as major bus routes which service the area. In turn, this encourages high levels of footfall and vehicular traffic in a bustling mixed residential and commercial area.
More specifically, the subject property is positioned on the north side of Shandwick Place close to its junctions with Queensferry Street and Princes Street. Occupiers in close proximity include a mixture of commercial occupiers such as Sainsburys, The Grosvenor, Specsavers & Black Sheep.
Accommodation
Ground Floor - 501.17 sq m (5,394 sq ft)
The above floor areas have been calculated on a Net Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition).
Terms
Lease Terms - The subjects are offered on a full repairing and insuring basis for a term to be agreed incorporating regular rent reviews.
Rent - Offers Over £90,000 per annum.
Rateable Value - The subjects will require the rateable value to be reassessed.
Energy Performance Certificate - An Energy Performance Certificate is available upon request.
VAT - Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
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.
Specification
- Located in Edinburgh’s West End
- Offers over £90,000 per annum
- West End tram stop and major bus routes within close proximity
- Benefits from high levels of footfall and vehicular passing traffic
- Premises extend to 501.17 sqm (5,394 sqft)
- Arranged over the ground floor
- Suitable for a variety of occupiers subject to the necessary planning consents