2 St Stephen Place

Overview

ID: #6262
Type: Retail
Contract: To Let
Location: Edinburgh City Centre
Area: 1,030 sq ft
Download Property Schedule (pdf)

LOCATION

2 St Stephen Place is in the heart of Stockbridge some 200 yards along St Stephen Street, off North West Circus Place. Stockbridge has become a thriving retailing community with a number of national and  independent retailers along with the weekly Stockbridge Farmers Market.

 

DESCRIPTION

The subjects comprise of a ground and lower ground floor retail unit on a prominent corner position. The  property is a 4 storey traditional sandstone tenement, which benefits from a partial glazed frontage to both St Stephen Place and St Stephen Street.

 

ACCOMMODATION

The subjects have been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and the Net Internal Area extends to approximately:

Basement 30.8 SQ M          332 SQ FT

Ground Floor 64.8 SQ M    689 SQ FT

TOTAL          95.6 SQ M       1,030 SQ FT

 

The property also benefits from a cellar store of 4.4 SQ M (47 SQ FT).

CAD plans and 3rd party transferable floor plans are available on request.

 

LEASE TERMS

Our clients are seeking to let this property as a whole on a full repairing and insuring lease for a term to be agreed.

RENT

Offers over £22,000 pa.

RATEABLE VALUE

We have been advised by the Local Assessors that the subjects have a current rateable value of:

SHOP: £15,400

 

LEGAL COSTS

Each party shall be responsible for their own reasonable incurred costs; however, the ingoing party shall be responsible for any registration dues, LBTT and any other expenses.

VAT

The property is not elected for VAT, as such VAT will not be charged on the rent.

ENTRY

Entry with vacant possession can be given