TO LET UNIT 11, MULTREES WALK ST ANDREW SQUARE EXCLUSIVE TO EDINBURGH, CLOSE TO HARVEY NICHOLS
Location Multrees Walk is a purpose built pedestrianised shopping street located in the heart of Edinburgh city centre and acts as a link between George Street and the New St James Shopping Centre - opening late 2020. Multrees Walk is Edinburgh s luxury shopping quarter, anchored by Harvey Nichols Department Store (100,000 sq ft) and home to a number of international retailers including Burberry, Louis Vuitton, Tommy Kors, Hugo Boss, Mulberry, Nespresso, Reiss, Kurt Geiger and Swarovski. Over 6.2 million potential shoppers visited Multrees Walk in 2015 #. # James in late 2020. HOWE STREET FREDERICK STREET DUNDAS STREET HANOVER STREET QUEEN STREET GEORGE STREET PRINCES STREET THE M OUND MULTREES WALK ST ANDREW SQUARE MARKET STREET YORK PLACE THE NEW ST JAMES NORTH BRIDGE STREET LEITH WATERLOO PLACE HIGH STREET P More than million visitors 6.2per year # Copyright Hamish Rowe
Edinburgh On many important measures, Edinburgh has the strongest economy in the UK outside London. The ity is a global financial centre and Scotland s capital city with a population of 487,500 residents. Edinburgh has the highest GVA per head in the UK after London at 34,178 per resident, with gross annual earnings of 27,800 per annum also second only to London (Source: Edinburgh by Numbers). Edinburgh functions as a major regional centre, attracting shoppers from across Scotland and into the north of England. The city is also a major tourist and visitor destination, being the second most visited city in the UK, recording over 13 million hotel night stays per year with an estimated annual expenditure of almost 1.27 billion (Source: Visit Scotland). No.2 Most visited city in the UK
Prime Position LOUIS VUITTON LADIES & MENSWEAR ENT LINKS OF LONDON JEWELLERS COACH BURBERRY MULBERRY LEATHER GOODS TESLA JOJO MAMAN BEBE CHILDRENSWEAR HOLLAND COOPER LADIESWEAR KURT GEIGER SHOES HUGO BOSS MENSWEAR 34 1-2 3 HARVEY NICHOLS DEPARTMENT STORE 4 5 6 7 8 26 25 24 23 MICHAEL KORS LEATHER GOODS NESPRESSO REISS LADIES AND MENSWEAR 2 RETAIL FLOORS 9 10 11 12 TOMMY HILFIGER 2 RETAIL FLOORS 22 21 20 19 NORTH AMERICAN TRAVEL THE PEN SHOP STATIONER CASTLE FINE ART GALLERY SWAROVSKI GIFTS 18 13-14 PANDORA JEWELLERY 17 BRAVISSIMO LINGERIE CAFFE NERO 15 16 BOOTS ELDER STREET ST JAMES SHOPPING ST ANDREW SQUARE VACANT
The Space DESCRIPTION The unit is currently fitted as a coffee shop at ground floor with trading stair at the rear up to a first floor restaurant area, including WC's etc. It is anticipated that our client will provide a clean shell to the new ingoing occupier and our areas are calculated on a Gross Internal Area basis therefore: Internal Width: 25 ft 3 ins (7.7m) Shop Depth: 63 ft 0 ins (19.2m) Ground Floor (Sales): 1,566 sq ft (145 sq m) First Floor (Sales / Storage): 3,130 sq ft (290 sq m) Please see floor plans opposite for Gross Internal Areas. LEASE The unit is offered by way of a new effectively full repairing and insuring lease for a term to be agreed, subject to upward only rent reviews at the expiry of each fifth year. RENT On Application. RATING The unit is currently assessed as a restaurant premises. If the use is changed, a re-assessment will be needed. We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2017 is 79,400. (Each new occupier has the right of appeal against this figure). Based on a rate poundage of 49.2p, (including large property supplement of 1.3p) this rateable value will result in an estimated rates liability in financial year 2017/18 of 39,065. ADDITIONAL INFORMATION PLANNING The unit currently benefits from a Class 3 consent. A change of use to Class 1 would be permitted therefore. SERVICE CHARGE An annual on account service charge is payable. ENERGY PERFORMANCE CERTIFICATE EPC Rating = TBC PLANT AND EQUIPMENT None of the systems or equipment in the property have been tested by us to check they are in working order. Purchasers/Lessees may wish to make their own investigations. LEGAL COSTS Each party to be responsible for their own legal costs incurred during the transaction. MULTREES WALK GROUND FLOOR UNIT 11 AREA 145 m 2 / 1566 ft 2 Note: Floor areas shown above are on a Gross Internal Area basis. FIRST FLOOR UNIT 11 AREA 290 m 2 / 3130 ft 2
Viewing UNIT 11 All viewings are strictly by prior arrangement with Eric Young & Co - 0131 226 2641 or our joint letting agents Cushman & Wakefield - 020 7935 5000. Contact: ERIC YOUNG & CO Contact: CUSHMAN & WAKEFIELD IAN WHELAN dd: 0131 558 5121 email: iwhelan@eyco.co.uk PETER MACE dd: (0)20 7152 5039 email: peter.mace@eur.cushwake.com Disclaimer Eric Young & Co and Cushman & Wakefield for themselves and for the vendors or lessors of this property whose Agents they are give notice: i) the particulars are set as a general outline only for the guidance of intended purchasers or lessees and do not constitute any part of, an offer or a contract ii) All descriptions, dimensions, references 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 Eric Young & Co and Cushman & Wakefield has any authority to make or give representation of warranty whatsoever in relation to the property. Date of Preparation: Feb 2018 Copyright William Starkey