To Let, 123 High Street, Edinburgh, Scotland, EH1 1SG

The property comprises a retail or restaurant unit to be arranged over three levels as per the attached plans with a large first floor with attractive views over the Royal Mile. Our clients architects anticipate it can accommodate 100 covers.

Edinburgh is the capital city of Scotland with a local population of 550,000 people and with a wider city region population of 1.4 million people. It lies on the east coast of Scotland with first class rail and air links to the rest of the UK and worldwide and sits at a node point of the UK motorway network permitting easy road access to the Central Belt, Fife and Tayside and the Lothians.

The city is the Political and Judicial capital of Scotland as well as an important financial and administrative centre being the strongest UK city economy outwith London. Employers include the Headquarters of both Royal Bank of Scotland and Bank of Scotland as well as Sainsburys, Tesco and TSB banks and Institutions such as Abrdn. These employers draw on a well-educated, broad-based and stable employment demographic with 43% of the population being degree-educated, with many educated at one of the city?s five Universities, with Edinburgh University being a Russell Group institution.

The city is famous for it?s International Arts Festival and The Fringe taking place within a UNESCO World Heritage site. The festivals draw visitors from around the world with Edinburgh?s population swelling by 2.7 million visitors during August alone.

The property is situated in a prime location on the Royal Mile (High Street) midway between Edinburgh Castle and The Scottish Parliament. The Royal Mile is an exceptionally strong tourist and visitor location with attractions including Edinburgh Castle, Dynamic Earth, Camera Obscura, the City Dungeons and Whisky Experience all located nearby along with a number of Museums and Galleries.

Nearby operators include The Royal Mile Tavern, Starbucks, Byron, Pizza Express as well as the Radisson Blu and Hilton Carlton Hotels and other tourist retail offers with the Radisson Blu opposite the property.

A traditional stone construction property over six floors, the opportunity consists of the basement, ground and first floors.

The property comprises of the following floor areas and dimensions:

Gross frontage - 27'7", 6.9m
Net frontage -19'7", 6.0m
Shop depth - 46'11", 14.3m
Ground floor - 1000sq ft, 93sq m
First floor - 1361sq ft, 126sq m
Basement - 714sq ft, 64sq m

Long Leasehold - Nil Premium
Asking Rent - Offers Over £120,000
Sub Lease - 25 years