City Centre Investment Opportunity, 79 Rose Street, Edinburgh, EH2 3DT

The subjects comprise a single fronted retail unit configured with five steps up to the doorway with a single glazed display window to the right hand side. The premises occupy part of the ground floor of a three storey and attic tenement building with residential accommodation on the upper floors.
79 Rose Street has an Energy Performance Rating of G.

Location

Edinburgh is situated 40 miles east of Glasgow, with a motorway link between the two cities provided by the M8. Road links to the north and south are provided  by the M8 / M90 and A1 respectively. The city benefits from excellent communications within the UK and throughout Europe, following the opening of the extended passenger terminal at Edinburgh Airport.
The property is situated within the established commercial area of Rose Street, with neighbouring properties primarily of retail use. Rose Street, immediately  north of Princes Street, is a pedestrian precinct running parallel to Princes Street, Edinburgh's main shopping thoroughfare. The property is located on the north side of  Rose Street, lying within the section of the street between Frederick Street and Castle Street.

Accommodation

Total 42.30 sq m (455 sq ft)

Terms

Proposal
We are instructed to seek offers in excess of £XXX (Three Hundred and Fifty Thousand Pounds) for the benefit of our client's heritable interest in this property, reflecting a net initial yield of 6.82% after allowing for purchasers costs of 4.8%.

Tenure
Heritable

Lease
The property is let to Mr Long Koo t/a Emily's Tailors on a lease expiring 20 January 2023. There is a tenant only break option on 21 January 2018. The property  will be subject to a rent review on 21 January 2018.

Rental
£XXX per annum.

VAT
The property is not elected for VAT.

Specification

• 42.30 Sq M (455 Sq Ft)
• •Located within the city centre of Edinburgh
• •Current rent of £XXX per annum
• •Offers in excess of £XXX