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Mixed-Use Investment Opportunity in the Heart of Edinburgh City Centre

Edinburgh, United Kingdom

91%

£22.000.000

Mixed use

#35048

Core+

28 Oct 2024

Property Details

Broker

For sale

45,823 sq.ft.

4,257 m²

Leasable area

480 £/sq.ft.

5,167 £/m²

7.00 %

4

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Grade “B” listed trophy, city centre, mixed-use investment opportunity contained within the Edinburgh New Town Conservation Area and World Heritage Site. The property was originally constructed in circa 1775 and consists of three mid-terrace former townhouses. The building was part- demolished with the period façade retained, and a rear annexe constructed in the 1990s including the construction of the dormer structure. Comprehensively refurbished in 2016/2017 the building offers modern accommodation extending over ground floor, with three upper levels and a basement level. The accommodation incorporates very high quality and modern tenant fit outs throughout. Fully let to Clydesdale Bank, Phase Eight, InterGen and AAB. Attractive overall WAULT of 8.2 years to expiries and 7.5 years to breaks.