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Trophy Long Income Investment Opportunity in the Heart of Edinburgh

Edinburgh, United KingdomUnlock address

78%

£31.580.000

Office

#35235

Core

25 Oct 2024

Property Details

Broker

For sale

74,895 sq.ft.

6,958 m²

Gross area

421.66 £/sq.ft.

4,538 £/m²

5.50 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

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%.