McEwan Fraser Legal are delighted to present to the market this unique opportunity to let over 4000 sq ft of Office/Retail space located in Blenheim Place, EH7; holding the prominent corner position facing onto Picardy Place roundabout at the junction of Leith Walk, Elm Row, and London Road, located to the northeast of Edinburgh City Centre. The surrounding occupiers comprise an excellent mix of local retailers, bars, and restaurants, which benefit from the nearby Playhouse Theatre, Omni Centre and ‘Edinburgh St James’ which is due for completion in 2020.
The subjects being offered comprise of ground, first and basement levels in a mid-terrace, four storey sandstone corner building with a pitched and slated roof and timber framed single glazed sash and case windows.
The ground floor comprises a curved open plan area with a small ancillary office area, storage and strong room to the rear. Many of the original period features of the property have been retained. The ground floor benefits from a sweeping frontage which is very prominent and enjoys a very enviable position for drive-by advertising for the new tenant.
In addition, the ATM of RBS, the previous owner, will remain in situ to which the bank will be granted a Right of Access to the ATM Secure Room for the purposes of servicing it for a period of 5 years, expiring April 2023.
The landlord’s preferred option is for one tenant to lease the whole subjects however consideration will be given to splitting the premises between two tenants being the Ground Floor and Basement (200 sqm, 2153 sq ft) and the First Floor (188 sqm 2020 sq ft). The landlord will consider proposals for letting the building.
The subjects provide the approximate net internal areas:
1st Floor: 188 sqm (2020 sq ft)
Ground Floor: 145 sqm (1559 sq ft)
Basement: 55 sqm (594 sq ft)
While currently presented as commercial offices, 2 Blenheim Place would also suit a range of retail, restaurant, coffee emporium, boutique hotel, fast food or professional services, subject to necessary consents.
The property has been operating as a bank; therefore, currently has Class 2 Planning Use, providing permitted change to Class 1 (Retail Shops). Alternative uses should be possible and interested parties should make their own inquiries to Edinburgh City Council.
Tel: 0131 529 3550 or Email: [email protected]
Rateable Value: £20,300
UBR (2017/18): 46.6p
Rates Payable: £9,460
EPC Rating: F
Services: Gas, electric, and water all mains connected.
Tenure: Leasehold; offers invited on a full repairing and insuring lease basis.
All enquiries and viewings to Bill Corbett at McEwan Fraser Legal.
Email: [email protected] Mob: 07577 474706
A copy of the EPC certificate can be provided upon request.
Each party will be responsible for their own legal costs and the tenant will be responsible for LBTT, the property is not elected for VAT
Extras (Included in the sale): To be discussed at formal offer.
The description of properties on the website do not form part of any offer and all statements and photographs are for illustrative purposes only and not guaranteed. Buyers must satisfy themselves on the accuracy and authenticity of each property listed.
Location of Property
By appointment through McEwan Fraser Legal on 0131 524 9797.
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.