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TO LET / MAY SELL
Attractive Restaurant or Development Opportunity
NIA: 5395 sq ft
9 SOUTH CHARLOTTE STREET EDINBURGHEH2 2AU
LOCATIONThe property occupies an attractive location on South Charlotte Street, in close proximity to the brand new Jonnie Walker Visitor Centre. The subjects are situated within the heart of Edinburgh’s New Town by Charlotte Square and in close proximity to the West End of Princes Street . More specifically they are situated on the west side of South Charlotte Street in the block bounded by Rose Street to the north and Princes Street to the south forming part of Edinburgh’s popular West End bar and restaurant network. Nearby occupiers include the Principal Hotel, Shandwicks Public House, KFC, Pret A Manger, Waterstones, McDonalds and the new Johnnie Walker Visitor Centre.
ORINSENSheridan Property Consultants
QUEENSFERRY ROAD
DEAN PARK CRESCENT
G RA N G EC RI C KE T
C LU B
CHESTER STREET
BROUGHTON ROAD
RO YA L B O TA N I CG A RD EN S
Water of Leith
HaymarketStation
SEMPLE ST
A U R I S T O N P L A C E
LONDON ROAD
LEIT
H WALK
MCDONALD ROAD
PILRIG STREET
REGENT ROAD
CALTON RD
CANONGATE
ST ANDREW
BROUGHTON ST
SQUARE
ELM
ROW
HOLYROOD ROAD
TORPHICAN ST
NICO
LSON
STREET
ST LEON
ARD
S
UNION STREET
MELVILLE ST
WEST COATES HAYMARKET TERRACE
ORCHARD BRAE
LEARMO
NTH
AVE
COM
ELY BANK AVE
LEARMO
NTH
GRO
VE
LEARMONTH GDNS
S LEARMONTH GDNS
CHAMBERS STREET
Edinburgh Castle
HAN
OV
ER ST
HILL STTHISTLE ST
THISTLE ST
EAST LONDON STREET
GREAT KING ST
FETTES ROW
RODNEY STREETEYRE PLACE
BRAN
DO
N ST
HENDERSON ROW
GLENOGLE ROAD
EAST CLA
REMONT STREET
INVERLEITH
ROW
ST STEPHEN ST
ST VINCEN
T ST HO
WE ST
DU
ND
AS STR
EET
M
CA
ST
LE STQUEENSFERRY ST
CHARLOTTE
SQUARE
ROSE STROSE ST
ROSE ST
THE M
OU
ND
HIGH STREET
ST JAMESCENTRE
BusStation
Waverley
Station
MORRISON ST
SHANDWICK PLACE
MAITLAND ST
BREAD ST
LOTH
IAN
ROA
D
PRINCES STREET
PRINCES STREETGEORGE STGEORGE ST
GEORGE STQUEEN STREET
ALBYN PLACE
P C E
HERIOT ROW
NORTHUMBERLAND STREET
CUMBERLAND STREET
GLO
UCESTER LAN
E
OR
Y L AA
YORK PLACE
NO
RTH BRID
GE
COMELY BANK RAEBURN PLACE
CIRCUS LANE
CASTLE TERR
GEO
RGE IV BRID
GE
PLEASANCE
WARRISTON ROAD
WEST PORT
GRASSMARKET
LADY LAWSON ST
DESCRIPTIONThe subjects comprise the ground, first and basement floors of a traditional five storey Georgian mid-terraced townhouse. The property is of sandstone construction under a pitch and slate roof. The two upper floors (including attic) are in separate ownership and benefit from separate access. They are in use as residential flats.
JOHNNIE WALKER PRINCES STREETThe brand-new flagship Johnnie Walker visitor centre, expected to open in late 2020/early 2021, is located just around the corner. This new venue is the centrepiece of a £150 million investment by Diageo to transform their Scotch Whisky visitor experiences at distilleries around Scotland. The new Johnnie Walker Princes Street will offer the ultimate whisky experience - from rooftop bars and a flagship retail store to a variety of interactive tours and exclusive tasting experience.
The new visitor attraction will create between 160 and 180 full-time equivalent jobs and generate about £135m in tourism spend in the wider Edinburgh economy through the visitors it attracts to the city. Diageo is hoping to emulate the success of its Guinness Storehouse visitor centre in Dublin, which is Ireland’s number one paid-for tourist attraction, with 1.7 million visitors in 2017.
9 SOUTH CHARLOTTE STREET EDINBURGH EH2 2AU
ACCOMMODATIONThe premises are arranged over the first, ground and basement levels and comprise the following areas:
Ground Floor: 2,361 sq ft / 219 sqm
First Floor: 1,221 sq ft / 113 sqm
Basement: 1,813 sq ft /168 sqm
OPPORTUNITYThe property is being offered with vacant possesion as a fully fitted restaurant. It offers a purchaser the opportunity to relet or occupy as a Class 3 premises or reposition to an alternative use such as office or residenital, subject to obtaining the necessary planning consents.
RENTAL OFFERS/SALE PRICEOffers are invited to lease the premises on an FRI basis or alternatively to purchase our client’s heritable interest.
RATESRateable Value: £101,500
UBR (2019/20): £0.516 Rates Payable: £52,374 pa
PLANNINGThe premises benefit from having Class 3 consent.
EPCAvailable on request.
LEGAL COSTSEach party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
VIEWINGViewing strictly be appointment with the joint agents:
Tom Forster
T. 0131 374 1115M. 07919 920 126E. [email protected]
Andy Bain
T. 0131 374 1117M. 07770 524 977E. [email protected]
Cathal Keane
M. 07808 627224E. [email protected]
Greame Millar
M. 07523 512804E. [email protected]
IMPORTANT NOTICE
Neither ORINSEN nor Sheridan Property Consultants, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves inde-pendently as to the incidence of VAT in respect of any transaction. Date of publication: June 2020
9 SOUTH CHARLOTTE STREET EDINBURGH EH2 2AU
ORINSEN
Sheridan Property Consultants
