£31.580.000
Confirmation
Trophy Long Income Investment Opportunity in the Heart of Edinburgh
Edinburgh, United Kingdom
78%
Office
#35235
Core
28 Oct 2024
Property Details
Broker
For sale
74,895 sq.ft.
6,958 m²Gross area
421.66 £/sq.ft.
4,538 £/m²5.50 %
1
Freehold
X
Fees
Investment Overview
Occupying one of the most prominent sites in Edinburgh city centre, the property comprises a Grade B listed, former bank and department store building which has been transformed into the multi award-winning, flagship visitor experience for the world’s largest selling Scotch Whisky brand. Let to Diageo Scotland Limited on a 25-year FRI lease expiring August 6, 2044. Current rent: £1,854,183 p.a., with upwards-only rent reviews every 5 years in line with the Retail Prices Index, capped at 3.5%.
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