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FOR SALE Residential / Hostel / Serviced Apartment Opportunity 12A High Street, Royal Mile Edinburgh EH1 1TB

LOCATION PRICE Edinburgh is Scotland’s capital city with a population of approximately The unit is available for sale of the heritable interest subject to vacant 480,000 and an estimated catchment of 1,500,000. Over 13,000,000 possession at offers over £600,000 exclusive of VAT. tourists visit Edinburgh each year making it the second most visited city in the UK after London. USE The subjects benefi t from a Class 7 Use under the Use Classes Order The opportunity is located on a very prominent corner position overlooking (Scotland) 1997 but could be available for alternative uses subject to further St Mary’s Street/Jeffrey Street and the city’s historic High Street/Royal Mile. dialogue with the City of Edinburgh Planners on 0131 529 3550. The Royal Mile is the city’s second busiest tourist Street attracting over 4,000,000 visitors per annum. RATING The unit is accessed off World’s End Close and sits immediately above the The Rateable Value under the current use is £19,600 under the 2010 World’s End Public House and Mrs McIntyre’s Cafe in close proximity to an Revaluation but will be subject to reassessment at the forthcoming eclectic mix of retail, restaurant, pub, hotel users and the city’s major tourist Revaluation and/when there is an alternative use proposed and secured for attractions. Occupiers include Jury’s Inn Hotel, Radison Blu Hotel, the premises. John Knox’s House, Museum of Childhood, No.1 High Street (Public House), The World’s End Pub, Montieth’s, Wedgewood, Pancho ENERGY PERFORMANCE CERTIFICATE Villas, Mimi’s Baker, Barnets Shoes and Gleneagles of Scotland. EPC Rating = G Edinburgh’s premier tourist attractions including Edinburgh Castle, DATE OF ENTRY St Giles Cathedral and Holyrood Palace are all located in very close proximity as the unit is situated in the heart of Edinburgh’s Old Town. Available for immediate occupation. ACCOMMODATION LEGAL COSTS Each party to be responsible for their own legal costs incurred during The subjects comprise a ground fl oor reception area with fi rst fl oor above the transaction. For the avoidance of doubt the ingoing tenant will be which recently traded as a hostel but offers potential for redevelopment to responsible for Land and Buildings Transaction Tax (LBTT), registration dues residential, bed and breakfast or serviced apartment use. We estimate that and any VAT payable thereon. the unit extends to the following approximate gross internal areas: VIEWING Ground Floor 196 sq ft (18.25 sq m) All viewings are strictly by prior arrangement with Eric Young & Co - First Floor 2,268 sq ft (210.75 sq m) 0131 226 2641.

Total 2,464 sq ft (229 sq m) Eric Lindgren 0131 558 5103 [email protected] Simon Bashford 0131 558 5118 [email protected]

Waverley Gate E: [email protected] 0131 226 2641 2-4 Waterloo Place F: 0131 558 5101 Edinburgh EH1 3EG www.eyco.co.uk

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EJL/JH/ED3101 Date of preparation - 14 February 2017

Messrs Eric Young & Co for themselves and for their client whose agent they are give notice that (1) These particulars are set out as a general outline only for the guidance of intended purchasers or tenants and do not constitute any or part of an offer or contract. (2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchaser or tenant should not rely on them as statements or presentations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No person in the employment of Messrs Eric Young & Co has any authority to make or give representation or warranty whatever in relation to this property. (4) Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

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