The premises comprise an attractive double windowed retail unit arranged over the ground and first floors of a stone built building. Lease Terms The premises are available on a new 10 or 15 year full repairing and insuring lease, subject to 5 yearly upward only rent reviews, and subject to securing vacant possession. Rent Rental offers in excess of £130,000 per annum exclusive of VAT and other occupational costs. Legal costs Each party will be responsible for their own legal costs incurred relating to this transaction. Subject to contract. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £107,000.00 and the rates payable are £52,751.00 pa. The UBR for 2015/2016 is p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The premises are situated on the west side of Hanover Street, at its junction with Princes Street located at the junction with the Mound. Nearby occupiers include JD Sports, Ernest Jones, Office Shoes, Fraser Hart, Camper shoes, Oliver Bonas, Dr Martens and Skechers.