FOR SALE

The subjects are arranged over 6 floors and extend to the following approximate gross internal areas: The subjects comprise the former Bank of Scotland headquarters building, arranged over basement, ground and four upper floors. The building is of ashlar sandstone construction beneath a multi-pitched, slate covered roof and incorporating many architecturally important external features, including 6 free standing imposing Corinthian columns supporting statues overlooking the building frontage. The building benefits from 2 separate entrances from the front elevation. Terms Offers are invited in respect of our client’s Heritable interest. It is likely that a closing date will be set in due course and as such, interested parties are advised to note their interest in writing with the Sole Selling Agents. Planning The building currently benefits from Class 2 (Financial and Professional Services) consent under the Use Classes Scotland Order. Subject to the necessary consents, we are of the view that the building offers potential for a number of available uses. Parties interested in alternative use are advised to speak directly to the local planning authority. Data Room Our clients have instructed the creation of a Data Room, which includes a measured survey report, building survey report, reinstatement cost assessment, Report on Title and planning report. For access to the Data Room, please contact the sole selling agents. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £316,500.00 and the rates payable are £155,718.00 pa. The UBR for 2017/2018 is 49.20p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The subjects occupy a highly prominent position on the east side of St Andrew Square, to the immediate north of the junctions with West Register Street and South St Andrew Street. The property enjoys a stunning outlook over the square to St Andrew Gardens and the Melville monument. Edinburgh Waverley mainline rail station is 400m to the south, whilst the City’s main bus terminus is a short distance to the north. St Andrew Square tram stop is immediately adjacent The property is in very close proximity to the city’s main shopping thoroughfares of Princes Street and George Street, whilst Multrees Walk which comprises luxury retailing including Harvey Nichols is to the immediate north. The St James Centre is located to the rear and is currently undergoing wholesale redevelopment to create a new mixed use scheme comprising 850,000 sq ft of prime retail space, luxury apartments, offices, multiscreen cinema, 5 star hotel, and a range of leisure and restaurant units. The redevelopment will be a significant boost to retailing in a city which is projected to rise to 9th in terms of retailing destinations in the UK.
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Sizes and Measurements

Total Size

49,239sqft

Sales Area

16,442sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

16,442sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

18,277sqft

Status

Available

Available from

Immediately

First Floor

Details

Non-Sales

Size

4,986sqft

Status

Available

Available from

Immediately

Second Floor

Details

Non-Sales

Size

2,662sqft

Status

Available

Available from

Immediately

Third Floor

Details

Non-Sales

Size

4,094sqft

Status

Available

Available from

Immediately

Fourth Floor

Details

Non-Sales

Size

2,778sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Lease type

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For sale

Price On Application

UBR

49.2p

Ratable Value

£316,500.00

Business Rates

£155,718/pa

Specification

  • Stunning Character Building
  • Substantial Redevelopment Opportunity

Floorplan

Photos

BANK
BANK INTERNAL.1
BANK INTERNAL.2.PIC
BANK INTERNAL.3
BANK INTERNAL.4
BANK INTERNAL.5
BANK INTERNAL.6

Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google
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