Lismore advise on acquisition of 49 George Street, Edinburgh

Lismore Real Estate Advisors have advised Buccleuch Property on the acquisition of 49 George Street from Threadneedle Property Unit Trust.

Previously let to retailer Jigsaw for over 20 years, the property comprises a flagship shop in George Street’s 100% prime pitch, recently let to White Stuff at an initial rent of £220,000 per annum, reflecting a low rate per sq ft of £138 Zone A.

The price of £3.325m reflects a net initial yield of 6.5%.