Prime Office/Retail Investment Opportunity in the Heart of Edinburgh City Centre
- Opportunity to acquire a highly prominent landmark block with outstanding views over Princes Street Gardens, Old Town and Edinburgh Castle
- Located on Edinburgh’s iconic mixed use thoroughfare with excellent public transport connections
- Total NIA of 81,204 sq ft comprising retail over lower ground, ground, 1st and 2nd floors and office over 3rd to 7th floors
- High quality tenants including H&M, Multrees Investor Services, Cubo and Canaccord
- Total net rent of £2,363,273 per annum
- Significant scope for reversion with lease expiries on the 3rd and 5th floors within the next 12 months with average passing rent of £24.89 psf
- Strong EPC ratings – Office A(15) and Retail B(16)
- WAULT of 6.74 years to expiry and 5.69 years to breaks
- Heritable Title
- Offers in excess of £29,500,000 reflecting a net initial yield of 7.50% and a capital rate of £363.28 psf assuming purchaser costs of 6.76%