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78/79 Princes Street & 4/18 Hanover Street, Edinburgh, EH2 2ER
not specified / Retail
Withdrawn - Last updated: 21 July 2024
Rare opportunity to acquire a 100% prime corner mixed use block in the heart of Edinburgh city centre, at the junction of Princes Street and Hanover Street Princes Street is Edinburgh’s prime retailing thoroughfare and benefits from the highest footfall in the city centre, estimated at circa 12 million per yearHanover Street is an established retailing thoroughfare and a principal link between the two prime retailing pitches of Princes Street and George StreetPredominantly retail block with an income ratio of 92%:8% in favour of retailFully-let investment with key tenants including Signet Group Plc; JD Sports Fashion Plc; Skechers USA Ltd; Yo! Sushi UK Ltd; and Virgin Media LtdAll the retail tenants report very strong trading performance81.58% of the income secured against tenants with a D&B credit rating of 5A1, 4A1 or 2A1Genuine opportunity to add value by implementing various asset management initiativesWAULT of 6.14 years to breakTotal passing rent of £1,076,450 per annumOffers in excess of £19,300,000 (NINETEEN MILLION, THREE HUNDRED THOUSAND POUNDS STERLING) subject to contract and exclusive of VAT are invited for the Absolute Ownership of the property.
Location
78/79 Princes Street & 4/18 Hanover Street, Edinburgh , EH2 2ER, Midlothian, Scotland
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