136-136a, Portobello High Street, Edinburgh, EH15 1AH

Location

The subject premises is located on the north side of Portobello High Street between the junctions of Bath Street to the east and Figgate Street to the west within the desirable Portobello district of Edinburgh. Portobello is situated approximately 2 miles to the east of Edinburgh city centre and is an extremely popular residential neighbourhood, particularly with young professionals & families.

Portobello High Street forms the main vehicular thoroughfare through the centre of Portobello, home to a mixture of reputable national and local occupiers including Bank of Scotland, Bayne-s the Bakers, Greggs & Bross Bagels.

Description

The subjects comprise a double window Class 1A premises arranged over the ground & basement floors of a two storey mid-terraced stone building. Internally, the accommodation comprises a front shop containing the main sales area & a partitioned office. To the rear there are numerous stores, a staff room & W.C. facilities. The basement provides further storage.

This attractive investment offers a rarely available opportunity in one of Edinburgh-s most affluent and highly sought-after suburbs.

Price

Our client is seeking offers over £260,000 which reflects a net initial yield of 7.46% assuming purchasers costs of 3.07%. There is an attractive potential reversionary yield of 9.33%.