Auction House, Edinburgh

Lismore advise on acquisition of the Auction House, Edinburgh

Lismore Real Estate Advisors have advised Broadland Properties on the acquisition of 63-65 George Street, Edinburgh also known as the Auction House.

The property comprises two attractive retail units on the ground floor let to Sweaty Betty and Abercrombie & Fitch with offices above let to No Logo, Ventus Resources and Alpine Exploratory. The retail units offer substantial reversion at review with the potential to add amenity and increase the office rents.

The price of £6.775m reflects a net initial yield of 7.20%.