45 York Place, Edinburgh , EH1 3HP
Ref No. 3393
Under offer

Location 45 York Place, Edinburgh, EH1 3HP, Midlothian, , Scotland
CLOSING DATE FOR OFFERS SET - WEDNESDAY 6TH FEBRUARY AT 2PM York Place is situated at the East End of Edinburgh city centre, connecting Queen Street to the top of Leith Walk. It lies within a short walking distance of St Andrew Square and George Street, where a number of major financial institutions are located. York Place is conveniently located for public transport with St Andrew Square Bus Station and Waverley Railway Station nearby. There is a tram stop in close proximity to the building which provides convenient access to Haymarket Station, Edinburgh Park and Edinburgh Airport. In addition to the amenities of Princes Street, the soon to be redeveloped St James Shopping Centre, The Omni Centre and Multrees Walk are all within close walking distance.

Size 2637.00 ft2
(244.98 m2)

Description CLOSING DATE FOR OFFERS SET - WEDNESDAY 6TH FEBRUARY AT 2PM

  • Development Opportunity
  • Part income producing
  • Key location

Specification

45 York Place is a grade B listed townhouse arranged over 5 floors. The ground, first, second and third floors are vacant and would suit as an owner occupied office or alternative uses subject to planning. The office accommodation requires a degree of modernisation. Internally, the premises provide self-contained cellular office accommodation with ancillary kitchen, bathroom and store facilities. Heating is delivered via electric panel storage units and lighting via a combination of suspended pendant light fittings and wall mounted uplighters on the lower floors and fluorescent strip lighting in some of the upper floors. The walls are generally painted or wall papered and floors are of timber construction. The lower ground floors are currently let as a hairdressing salon and benefits from dedicated access from York Place.

Tenure

Offers for the heritable ownership of the building as a whole, or in part, are invited. The lower ground elements are let to Cheynes Management Limited on an annual rent of £12,500. The lease terminates on the 25th June 2031. The lease commencement date was 25th June 2016. There is a tenant break option every 5 years throughout the duration of the lease. There is an open market rent review every 3 years. A copy of the lease can be provided to interested parties on request.

Accommodation

Floor NIA (Sq m) NIA (Sq ft) Tenure
Basement 70.60 760 Let to Cheynes
Shopfront upper level 7.25 78 Let to Cheynes
Ground floor 61.96 667 Vacant
First floor 73.48 791 Vacant
Second floor 68.93 742 Vacant
Third floor 45.07 485 Vacant
Total 327.29 3,523 -

Viewings

Strictly by appointment of the sole selling agents.

EPC

The property has an EPC rating of G

Property Type Office

Property Contacts:

  • Geoffrey Scott
    +44(0)131 202 5174
  • Bruce Robertson +44(0)131 202 5851
  • Rhys Davies +44 131 243 2225
Property Location:



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