New Listing
To Let
Class 1A, Retail
127a Rose Street, Edinburgh, EH2 3DT
Tenure: To Let
Size: 500 sq ft (46 sq m)
Rent: Offers Of £20,000 Per Annum

Key Features

  • Prime retail unit located in the heart of Edinburgh city centre
  • Occupies an end of terrace pitch close to Castle Street
  • Close to independent, local and national retail brands
  • Suitable for a wide range of Class 1A uses
  • Extends to an approximate net internal area of 46.45 sq m (500 sq ft)

The premises comprise a B-listed, end of terrace double windowed shop unit arranged over ground and basement levels.  A separate flat is to the upper level.

The shop is currently partitioned but these could be removed to provide open plan retail space.  To the rear is tea prep and WC.

There is a basement however hatched access is currently obscured due to the floor covering.

Edinburgh is Scotland’s capital city and a financial and economic hub with a resident population exceeding 500,000.

Rose Street is a city centre pedestrianised thoroughfare running parallel to Princes Street and George Street.  The subjects are situated on the north side of Rose Street, directly opposite The Kenilworth public house, close it its junction with Castle Street.

There is a range of independent and national retailers, bars, cafes, restaurants and office occupiers all in close proximity.  Occupiers include Greggs, Tiso, Timpson, Rogerson Shoes and a number of independent jewelers.

Accommodation

According to our recent measurement survey we calculate the approximate net internal area to be:

46.45 sq m (500 sq ft)

Rent

Our client is seeking rental offers of £20,000 per annum to grant a new lease on full repairing and insuring terms.

Rateable Value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £13,600 effective 1st April 2023. The uniform business rate for the current year is £0.498 pence in the pound.

Utilities

The property is served by mains electricity and water.

Energy Performance Certificate

The Energy Performance Certificate rating is C.

Legal Costs

Each party shall bear their own legal costs with the ingoing tenant liable for any Registration Dues or LBTT thereon.

Anti-Money Laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017.  This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.

Entry

Upon completion of a formal missive under Scots Law.

Iain W. Mercer

Head of Commercial Agency - Scotland
Bernadetta Majewska

Commercial Surveyor - Agency and Valuation

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