- 81-85 George Street provides a rare opportunity to purchase a trophy asset situated on George Street in the heart of Edinburgh’s Golden Rectangle.
- The building is fully let to four high quality tenants – Clydesdale Bank, AAB, Intergen and Phase Eight with 100% rated very low & below average risk of business failure.
- The building extends to a total floor area of 45,823 sq ft over basement, ground and three upper floors.
- Total net annual rent of £1,644,625 p.a. with the office space reflecting low rates of between £30.88 – £35.58 /sq ft.
- 46% of total income is secured to Clydesdale Bank until 2036 without breaks.
- The building has a WAULT to expiry of 8.2 years and to breaks of 7.5 years.
- Offers in excess of £22,000,000 are invited for the benefit of our client’s heritable interest. A purchase at the quoting price would reflect a net initial yield of 7.00%, assuming purchaser’s costs at 6.75%.