A “fitting” sale of Princes Street block…

Lismore Real Estate Advisors has advised Hines on the sale of 124-125 Princes Street, Edinburgh.

The mixed-use property is occupied by Urban Outfitters flagship store, with upper floor offices let to Ofcom, Harley Haddow, Recast Sports and Cenkos Securities.

The property extends to an overall 38,777 sq.ft and benefits from an attractive WAULT of 5 years to expiry and 3 years to breaks.

It was purchased by a private investor for a price in the region of £15.8 million, reflecting a net initial yield of approximately 6.30%.