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145-147 Princes St
Edinburgh EH2 4BL

Retail Property For Sale

Investment Highlights

  • Situated in a landmark corner position at the junction of Princes Street and Edinburgh’s traditional West End.
  • Large glazed frontage.
  • Stunning views overlooking Edinburgh Castle.

Executive Summary

We are instructed to seek offers in excess of £31,580,000 (Thirty One Million, Five Hundred and Eighty Thousand Pounds Sterling) subject to contract and exclusive of VAT.

A purchase at this level would reflect a net initial yield of 5.50% and a projected reversionary yield of 6.38% in August 2029, based on Oxford Economics Forecasts, allowing for standard purchaser’s costs based on LBTT.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
74,895 SF
Building Class
B
Year Built
1935
Price
$40,224,803
Price Per SF
$537
Cap Rate
5.50%
NOI
$2,212,364
Tenancy
Single
Building Height
7 Stories
Building FAR
4.99
Lot Size
0.34 AC
Frontage
101 FT on Princes Street

Amenities

  • 24 Hour Access
  • Security System
  • Energy Performance Rating - B
  • Listing ID: 33582512

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 145-147 Princes St, Edinburgh EH2 4BL

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