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Spectacular New Retail/Restaurant Opportunity

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Spectacular New Retail/Restaurant Opportunity SPECTACULAR NEW www.newwaverley.com RETAIL/RESTAURANT OPPORTUNITY THE PAVILION BUILDING SUITABLE FOR A WIDE VARIETY OF USES INCLUDING BAR/RESTAURANT | MICROBREWERY | ART GALLERY AND MANY MORE THE BOOMING EPICENTRE OF EDINBURGH’S EASTERN QUARTER Located in the Old Town the Pavilion Building & Kiosk/Terrace will form the most western part of New Waverley, a signature mixed use development and vibrant new destination. – Prominent corner location – Adjacent to 19 historic arches converted to retail/leisure use available for occupation from October 2015 – Just off the Royal Mile, which attracts over 4 million people annually – Close to Waverley Station with over 26 million passengers annually – I mmediately adjacent edinburgh city council headquarter offices A BRILLIANT, VIBRANT AND BUSTLING NEIGHBOURHOOD In an area awash with life and colour there really is something unexpected and interesting around every corner. Historic sites, visitor attractions, museums and art galleries abound and the Royal Mile and its wynds and closes are peppered with cafés, restaurants, bars and specialty shops. The area is a magnet for tourists and visitors alike and is about to become even better with the arrival of New Waverley, Edinburgh’s exciting new destination. Elevational Treatment © Zone Architects 2013 THE PAVILION BUILDING, ONCE COMPLETE, WILL PROVIDE A GLAZED BUILDING OF MODERN ARCHITECTURAL DESIGN INSPIRATIONAL ARRANGED OVER GROUND AND MEZZANINE LEVELS, PROVIDING A FANTASTIC “FLAGSHIP” OPPORTUNITY FOR THE APPROPRIATE OCCUPIER. THE UPPER LEVEL OF THE PAVILION WILL HOUSE A ONE OFF RETAIL KIOSK WITH TERRACE LOCATED OFF JEFFREY STREET WITH A / LEISURE SPACE VIEWING PLATFORM OVERLOOKING THE CITY TO THE NORTH. PAVILION BUILDING SPECIFICATION GROUND FLOOR (EAST MARKET STREET) 9,235 Sq ft 856 Sq m The design of the pavilion building is flexible at this stage and specific occupational requirements may be able to be incorporated into the building as part of the MEZZANINE / 1ST FLOOR 4,520 Sq ft 420 Sq m construction process. PAVILION TERRACE 4,197 Sq ft 390 Sq m JEFFREY STREET KIOSK 371 Sq ft 34 Sq m EAST MARKET STREET EAST MARKET STREET EAST MARKET STREET NEW ROOFTOP TERRACE STUDIO/ RETAIL STUDIO/ STUDIO/ RETAIL RETAIL CRANSTON STREET STUDIO/ STUDIO/ RETAIL RETAIL CRANSTON STREET STUDIO/ CRANSTON STREET RETAIL STUDIO/ RETAIL JEFFREY STREET Ground Floor Pavilion Building Mezzanine / 1st Floor Jeffrey Street Kiosk / Terrace 15 23 9 33 30 37 29 18 14 11 32 28 17 4 27 12 31 PAVILION BUILDING 34 & KIOSK 35 1 2 3 5 8 26 16 25 7 6 20 21 22 13 10 24 New Waverley Boundary 36 19 HOTELS RESTAURANTS RETAIL LEISURE 1 Premier Inn 9 The Glasshouse Hotel 16 Wedgewood 24 Ondine 27 Jenners 33 Omni Centre 2 Hub by Premier Inn 10 Holiday Inn Express 17 Balmoral 25 Hemma 28 Apple 34 The Royal Scottish Academy 3 Adagio Aparthotel 11 George Hotel 18 Harvey Nichols 26 La Garrigue 29 Harvey Nichols 35 The National Galleries of Scotland 4 Balmoral Hotel 12 Ramada Mount Royal 19 The Witchery 30 Multrees Walk 36 Edinburgh Castle 5 Scotsman Hotel 13 Missoni Hotel 20 Angels with Bagpipes 31 Princes Mall Shopping Centre 37 Calton Hill & City Observatory 6 Radisson SAS 14 Thistle King James Hotel 21 David Bann 32 St James Shopping Centre (John Lewis) 7 Carlton Highland 15 Holiday Inn Express 22 The Holyrood 9A 8 Jurys Inn 23 21212 THE PAVILION Office – 160,000 sq ft Residential – 148 apartments Retail – 28 units Hotel Premier Inn – Complete by late Autumn 2016 127 beds hub by Premier Inn – Complete by late Autumn 2016 121 beds Adagio Aparthotel – Complete by late Autumn 2016 146 beds Office above ground floor retail Residential above ground floor retail Affordable Housing Hotel above ground floor retail New public square – Complete by late Autumn 2016 Boundary UNLOCK THE POTENTIAL LEASE RATES Our clients are seeking an FRI lease for a minimum of 20 years incorporating 5 year upward The subjects have still to be constructed and therefore will still require to be separately only rent reviews. assessed for rating purposes following completion of the works. INCENTIVE EPC Incentive packages are available to the ingoing tenant by way of a contribution towards fit out A valid epc certificate will be available on completion. costs. The incentive package itself will be linked to the quality of the occupier, their proposed level of fit out and length of lease. TIMING RENT By arrangement/negotiation. Further details on request and subject to confirmation of named occupiers. SPECIFICATION Fitted to serviceable shell and core ready for occupiers fit out. Early interest may offer more flexibility on the specification. For further information please contact the joint agents: Culverwell / Eric Young & Co for themselves, and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are produced in good faith and are set out as a general guide only and do not constitute any part of an offer or contract. They are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to the correctness of each of them; ii) no person in the employment of Culverwell / Eric Young & Co, has any authority to make or give any representation or warranty in relation to this property. May 2015..
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