The subject comprises a single windowed ground floor and basement retail unit benefiting from a front sales area, rear sale/changing area as well as stockroom, staffroom and WC facilities in the basement. Neighbouring retailers include Charlie Miller, Caf Rouge, Brora, Ede & Ravenscroft and Cairngorm Coffee.
Location
Frederick Street is situated in a prime central location in the heart of Edinburghs most prominent retail district and is within a few minutes walk from the financial, retail and commercial city centre. The subject provides a thoroughfare to Edinburghs main retailing streets, Princes and George Street, resulting in extremely high footfall for the unit located on the west side of Frederick Street.
Accommodation
Ground Floor 50.31m2 (545ft2)
Basement 49.90m2 (537ft2)
Total: 100.21m2 (1,082ft2)
Terms
RATEABLE VALUE The subjects are entered in the current Valuation Roll at a rateable value of £27,300 per annum. Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 6 months of the beginning of the tenancy agreement and this property may also be applicable for small business rates relief
LEASE TERMS The subjects are being offered on a full repairing and insuring basis for a term to be agreed incorporating regular rent reviews at offers over £35,000 per annum.
EPC EPC Rating = G 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 ingoing tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
Specification
• Offers over £35,000 per annum
• Ground floor and basement retail unit
• Unit extends to 100m2 (1,082ft²)
• Located in the heart of Edinburgh’s City Centre
• Benefits from extremely high pedestrian footfall
• Prominent frontage visible from George Street