PRIME RETAIL TO LET

61 ROAD, , EH9 1HT

Rarely available premises to let in the affluent Marchmont district of Edinburgh | Close to Edinburgh University | Quoting rent £80,000 per annum Total net internal area of 4,025 sq ft | Suitable for a variety of uses | May be Suitable for sub-division DUNDAS STREET

HOWE STREET

PLACE MBY RO RC BE GLOUCESTER LN A

DEAN PARK CRESCENT A90

HERIOT ROW A900 QUEENSFERRY ROAD A90 A1 QUEEN STREET

HANOVER STREET LOCATION A1 THISTLE STREET ALBYN PLACE D WAVERLEY STATION E A CASTLE ST N P YOUNG ST GEORGE STREET ATH A90

BELFORD ROAD Edinburgh, a UNESCO World Heritage NEW ST

NORTH BRIDGE E MARKET ST Site and ’s capital city, is a ST KET AR E M MIL YAL E RO key political, legal and judicial centre ST MARY’ST STH D R D O ROTHESAY PLACE RO LY and is the second largest financial HO MELVILLE STREET

LOTHIAN ROAD

PALMERSTON PLACEMANOR PLACE C KING’S STABLES RD A

centre in the UK. It has a population of S S T EDINBURGH CASTLE E L R E C T CE L E RA L R TER O R N approximately 498,000 and a regional AT H A O C ST E JOHN CHAMBERS ST T KE catchment of around 1.6 million people. AR PLEASANCE M SS HAYMARKET STATION EICC RA A8 G A8 HOLYROOD The city has a diverse economy with MO RR P IS O N W COATES O BREAD STREET I N STREET SEMPLE ST T C T O PARK E G L R A THE UNIVERSITY S more FTSE 100 companies located GROVE STREET R R O D OF EDINBURGH O N E W

N CE

LAURISTON PLA S E T GARDENS A700 R ’ there than any other city in the UK S D A C O R R E H S C outside of London. A O R P ST LEONARD’S ST P GEORGE SQUARE A QUARTERMILE T B S E U W C C BUCCLEUCH PL CLERK ST G L IL PL E M U O TARVIT ST THE MEADOWS C A70 R H T E E E P S R A T One of Edinburgh’s key strengths is the range T R GILMORE PLACE S K E VIEWFORTH W APPROACH RO E AD D KING’S THEATRE N of technology companies in the city, many U 61 MARCHMONT ROAD D of which are now globally recognised. These S CLERK ST LEAMINGTON TERRACE include the likes of Rockstar Games, FanduelYEAMAN and PLACE MELVILLE DR GILMORE PLACE LINKS T ARGYLEPL S VIEWFORTH TERRACE ON ARK SYLVANPL ST R P PRE RD Skyscanner. NDE E RRE WA A702 CAUSEWAYSIDE DORSET PL MARCHMONT ROAD D Edinburgh is a global financial city with around A L K RD E MONTPELIER PARK IT H £500 billion of funds under management, ranking R

A70 HATTON PL BRUNTSFIELD D it as the eleventh largest fund management SALISBURY PLACEMINTO ST centre in the world. The city has major financial POLWARTH GDNS institutions including Royal Bank of Scotland, GRANGE RD Lloyds Banking Group, Virgin Money, Tesco Bank and Aberdeen Standard Investments. The city has four major universities serving over 100,000 students. This is attributable to Edinburgh’s workforce being amongst the most highly educated in the UK with 56% holding a degree or professional level qualification. Edinburgh has a booming international airport, it is Scotland’s largest and also the fastest growing in the whole of the UK. There are now 200 direct routes from Edinburgh including North America and Canada, the Middle East, China and throughout Europe. The city has 3.5 million tourists visit it every year and is the second most visited city in the UK after London. Furthermore, the Edinburgh Festival Fringe attracts tourists every year for the world’s largest arts festival, adding an estimated £245 million to the local economy. SITUATION The subjects are prominently located within the heart of Marchmont, an affluent area of Edinburgh, approximately 1 mile to the south of Princes Street. More specifically, the property is situated on the corner of Marchmont Road and Marchmont Crescent in close proximity to The Meadows. The neighbourhood has a range of upmarket homes, apartments and commercial properties. Nearby occupiers include Sainsbury’s Local, Scotmid, Amnesty International, Edinburgh University and numerous high end independent retailers, bars and restaurants.

DESCRIPTION The property, which is in excellent order, comprises the ground floor retail unit within a traditional stone built property. The building, the former Marchmont School, is Category B listed has been converted to provide a range of upmarket apartments by developer, AMA. The property can be entered via Marchmont Road and Marchmont Crescent and has the added benefit of two dedicated customer car parking spaces. Internally the unit has been decorated and fitted out to a very high standard in the tenant’s corporate style.

ACCOMMODATION The subjects have been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and the net internal area (NIA) extends to 374 sq m (4,025 sq ft)

RENT A quoting rent of £80,000 pa exclusive of VAT is sought. EPC The property has an EPC rating of C.

RATES We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2017 is £47,900. (Each new occupier has the right of appeal against this figure). Based on a rate poundage of 49p this rateable value will result in an estimated rates liability in financial year 2019/20 of £23,471.

LEGAL COSTS Each party to be responsible for their own legal costs incurred during the transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.

SERVICE CHARGE Tenant responsible for service charge on the unit. Details upon request.

LEASE Available on a long term FRI Lease

VIEWING AND FURTHER INFORMATION Viewings must be arranged in advance through the sole selling agents, Orinsen. Tom Forster Andy Bain [email protected] [email protected] 0131 374 1115 0131 374 1117

Orinsen for themselves and for vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers Rarely available premises to let in the affluent Marchmont district of Edinburgh | Close to Edinburgh University | Quoting rent £80,000 per annum or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Orinsen has any authority to make or give any representation or warranty whatever in relation to this property. January 2020. Total net internal area of 4,025 sq ft | Suitable for a variety of uses | May be Suitable for sub-division