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-Fullyfittedretailunit-Primeflagshipstoreopportunity-Stunningviews-Alternativeusescanbeexplored
FLAGSHIP STORE OPPORTUNITY - LEASE FOR SALE
Edinburgh,Scotland’scapitalcityhasaresidentpopulationof495,000peopleandisoneofthestrongestretailingcentresintheUKwithacatchmentof1.6millionpeople.ThecityissecondonlytoLondonasaretailandtouristdestination. PrincesStreetisEdinburgh’sprimeretailingthoroughfarewithnearbyoccupiersincludingRiverIsland,Levis,Next,Hotter,UrbanOutfittersandBoots. ThepremisesoccupyaprominentpositiononPrincesStreet,directlyoppositePrincesStreetGardens.ThelocationiswellservedviabusandtramlinkswithWaverleyStationandHaymarketStationashortwalkaway.
LOCATION
HAYMARKETSTATION
TRAMLINE
PRINCES STREETGARDENS
CALTONHILL
SHANDWICK PL
QUEEN ST YORK PL
LOT
HIA
N R
D
TO EAST COAST AND SOUTH ><
ROYAL MILE
GRASSMARKET
TORPHICHEN ST< TO EDINBURGH AIRPORT
ST ANDREWSQUARE
CHARLOTTESQUARE
MORRISON ST
LEIT
H ST
BUSSTATION
TO GLASGOW, NORTH, SOUTH AND WEST
ST ANDREWSQUARE
YORKPLACE
EDINBURGHCASTLE
HAYMARKET
CA
ST
LE S
T
FRE
DE
RIC
K S
T
HA
NO
VE
R S
TT
HE
MO
UN
D
NO
RT
H B
RID
GE
WAVERLEYSTATION
PRINCES STREETWEST ENDPRINCES STREET
< TO EDINBURGH AIRPORTKING’S STABLES RD
CHESTER ST
PRINCES STREET
GEORGE STHOUSE OFFRASER
CASTLE STREET
FREDERICK STREET
PRINCES STREET
01d2
S3 01 S3 01
ROOM
ROOM
ROOM
ROOM
LIFT
LIFTLIFT
LIFT
AIR
CON
AIR
CON
AIR
CON
JOIN
T BUI
LDIN
GFI
RE E
SCAP
LIFT
LIFT
LIFT
LIFT
ELECSWITCHES
PLANTROOMFullyfittedretailunit,readyforoccupation.
Thesubjectpropertyisarrangedoverbasement,ground,1st,2nd,3rd,4th,5thand6thfloors.Wecalculatetheunitextendstothefollowingapproximatenetinternalareas:
GROUND FLOOR FIRST FLOOR SECOND FLOORACCOMMODATION
HSBC
HIGH &MIGHTY
JESSOPS
THE AMBER ROSE
PUBLIC HOUSEWAX BAR
TGI FRIDAYS
BADGER & CO
BAR & REST.
EDINBURGHCASTLE
APARTMENTS
THOMAS PINK
FIRED EARTH
VACANT
KENILWORTH
PUBLICHOUSE
VACANT
TARTANGIFTS
VIKINGOPTICAL
GOLDENDRAGON REST.
+ HORACE
ROBERTSON
+ SHOE REPAIR
DAY-TODAY
PRET AMANGER
U/O
U/O
CRUISE
XILE
GANT
THE WHITE COMPANY
OFFICE
OFFICE
OFFICEOFFICEALEXANDER GRAHAM BELL
PUBLIC HOUSE
ROXBURGHE HOTEL
BROWNS
GUSTO
TIGERLILY
HADEELCRAFTS
OFFICE
ANTA
GOVERNMENT BUILDING
STARBUCKS
BLACKCATPUBLICHOUSE
HAKATAYA
ROSE &CROW
N
DOUGH
ZARA’SBARBERS
DIRTYDICK’S
PLAYERSLOUNGE1780
BAR & REST
STORE
BT TELEPHONE EXCHANGE
SHOOGLY
PEG BAR
DENTALSURGERY
DANCEW
EAR
MIROCANTINA
WILDFIRE
REST.
VACANT
ROBERTGRAHAM
MAILBOXES
WOLFITS
SCOTTSOF ROSE
STREET
DANIELHENDER-
SON
VACANT
SOCIALBITE
OPARATATIPU’S IND REST
PATISSERIE
VALERIE
TICKETS
SCOTLAND
CUTE-ICLE
CAU
COSTA
VIRGIN MONEY
ENT
VODAFONE
LUSHHOTTER SHOES
DEBENHAMS
DEBENHAMS
VERVETIMPSON
SHAKEAWAY
LADBROKES
ROUTEONE
ECCO
AVALON
ELEMENT
ALISTIR WOOD TAIT
JEWELLER
VACANT
GREGGS
MASTER TAYLORFINEROGERSON
ROBERTANTHONY
GOODWINS
EMILY’STAYLORS
LATITUDECOFFEE
RIVER ISLAND
LEVI’S STORE
NEXT
RUSSELL & BROMLEY
BOOTS
SWAROVSKI
SWATCH
THOMAS SABO
CATH
KIDSTON
SCHUH
DUNEFIVE GUYS
NORTH FACE
LOAKE
BLACK &LIZARS
VISION
EXPRESS
CO-OP FOOD
H SAMUEL
CARD FACTORY
NEW LOOK
PREMIER INN ENTSTARBUCKS ENT
URBAN
OUTFITTERS
PRINCES STREET
GEORGE STREET
ROSE STREET
ROSE STREET
CASTLE STREET
ROSE STREET SOUTH LANE
ROSE STREET SOUTH LANE
ROSE STREET NORTH LANE
ROSE STREET NORTH LANE
PRINCES STREET
VANS
WATERSTONES
MOUNTAIN WAREHOUSE
SPORTSDIRECT.COMHBOS
EE
CARPHONE
WAREHOUSE
THREE
OFFICE
NATIONWIDE
GIN 71
VACANT
OFFICE
PLACE OF
WORSHIP
FLOOR SQ M SQ FT
Third 258.0 2,777
Second 294.6 3,171
First 576.2 6,202
Ground 619.6 6,669
Basement 581.6 6,260
TOTAL 2,330 25,079
Additionalaccommodationonthe4th,5thand6thfloors.
ThepremisesbenefitfromClass1retailconsent.InterestedpartiesareadvisedtospeakdirectlytothelocalPlanningAuthority.
ThepremisesareheldonanFRIleaseduetoexpire9September2024.Thepremisesareavailablebywayofasublease/assignation.Theremaybeanopportunitytolookatanewleasewiththelandlord.
Onapplication.
PLANNING
LEASE
RENT
WehavebeenverballyadvisedbytheRatesAuthoritythattherateablevalueofthesubjectswiththeeffectfrom1stApril2017is£582,000(eachnewoccupierhastherightofappealagainstthisfigure).
RATING
Eachpartytoberesponsiblefortheirownlegalcostsincurredinthetransaction.FortheavoidanceofdoubttheingoingtenantwillberesponsibleforLBTT,registrationduesandVATpayablethereon.
TBC
Forfurtherinformationortoarrangeaviewing,pleasecontact
LEGAL COSTS
EPC
TheAgentsforthemselvesandforthevendorsorlessorsofthispropertywhoseagentstheyaregivenoticethat:(i)theparticularsaresetoutasageneraloutlineonlyfortheguidanceoftheintendedpurchasersorlesseesanddonotconstitute,norconstitutepartof,anofferorcontract;(ii)alldescriptions,dimensions,referencetoconditionandnecessarypermissionsforuseandoccupation,andotherdetailsaregivenwithoutresponsibilityandanyintendingpurchasersortenantsshouldnotrelyonthemasstatementsorrepresentationsoffactbutmustsatisfythemselvesbyinspectionorotherwiseastothecorrectnessofeachofthem;(iii)nopersonintheemploymentoftheAgentshasanyauthoritytomakeorgiveanyrepresentationsorwarrantywhateverinrelationtothisproperty.DateofpublicationJanuary2020.
FURTHER INFORMATION
