Address: 51 South Bridge
Size: 2,761 ft² (256.48 m²)
Price: £45,000 per annum exclusive

PROMINENT RETAIL UNIT
LEASE FOR SALE
Location

The property occupies a prominent position on the south side of South Bridge with nearby retailers being an excellent mix of local and national traders to include Tesco, Galaxy Toys & Games, Forbidden Planet, Costa Coffee, Ibis Hotel and Bento.  The unit is also diagonally opposite Edinburgh University.  South Bridge is within Edinburgh’s Old Town and lies a short walk from the Royal Mile and the east end of Princes Street.  The location benefits from year round footfall both from tourists and students.

Accommodation

From our measured inspection the property extends to the following areas and dimensions:

Gross Frontage:                   18’ 3”             (5.56 m)
Net Frontage:                       20’ 5”             (6.20 m)
Ground Floor:                      738 ft²        (68.56 m²)
First Floor:                         1,716 ft²        (159.4 m²)
Basement:                            307 ft²        (28.52 m²)

Total:                                 2,761 ft²     (256.48 m²)

Lease Terms

The property is held on the residue of a 10 year lease expiring 17th February 2029. The passing rent is £45,000 per annum exclusive and is subject to a rent review effective 18th February 2022.

Terms

Offers are invited for the benefit of our client’s leasehold interest.

Energy Performance Certificate

A copy of the EPC is available upon request.

Rates

The property is entered into the Valuation Roll as follows:

Description            Office
Rateable Value     £40,000

Legal Costs

Each party will be responsible for their own legal costs, with the purchaser being responsible for registration dues and LBTT incurred thereon.

VAT

All terms are quoted net of VAT where applicable.

Entry

Early entry can be provided.

Money Laundering Regulations

To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding.  Applicable documentation will therefore be required on agreement of Heads of Terms.

Viewing/Further Information

Strictly by appointment through this office.