Retail unit to rent in the heart of Edinburgh City Centre.
The subjects comprise the ground floor and basement of a traditional Grade B Listed building.
The ground floor retail unit provides bright, open plan trading space at the front and rear together with ancillary office and staff areas.
The basement is accessed separately via the tenement stairwell to the side of the unit and provides basic storage space and WC facility.
( Agency Pilot Software ref: 5681 )
Location
Thistle Street is located in the heart of Edinburgh City Centre and comprises restaurants, shops, bars and residential dwellings. The property is in close proximity to public transport being a 10 minute walk to Waverley Railway Station and Edinburgh Bus Station. Thistle Street benefits from metered parking. The subjects are located on the north side of Thistle Street on the pitch bounded by Hanover Street to the East and Frederick Street to the West. Nearby occupiers include Hendersons, Thistle Street Bar, Craig Banks, 21st Century Kilts, Fishers, Noto, Dusit and Bon Vivant.
Accommodation
GROUND FLOOR 56 sq m (598 sq ft )
BASEMENT 51sq m ( 549 sq ft )
TOTAL 107 sq m (1,147 sq ft )
Terms
RATEABLE VALUE The subjects are currently entered in the Assessor’s Valuation Roll as having an RV of £16,200. The current UBR (2024/2025) for properties with an RV under £51,000 is £0.498, therefore rates payable will be in the order of £8,067. For qualifying tenants the SBBS relief scheme will be tapered from 25% to 0% for properties with rateable values between £15,001 to £20,000. Interested parties should make their own enquiries to the Local Authority.
LEGAL COSTS In the normal manner, each party will be responsible for their own costs incurred with the tenant being responsible for Land and Buildings Transactional Tax and registration dues.
VAT This property has not been elected for VAT. Any intending lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Specification
- VAT FREE
- WELL APPOINTED RETAIL SPACE OVER GROUND AND BASEMENT
- CITY CENTRE INDEPENDANT
- RETAIL AND LEISURE HOTSPOT
- LESS THAN 100M FROM PRIME RETAIL THOROUGHFARE OF GEORGE STREET