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188 High St

2,389 SF 100% Leased Retail Building Edinburgh EH1 1QX $4,278,427 ($1,791/SF) 5% Cap Rate

Investment Highlights

  • Large glazed fronatge.
  • High Street location.
  • Great footfall area.

Executive Summary

We are instructed to seek offers in excess of £3,3800,000 (THREE MILLION, THREE HUNDRED AND EIGHTY THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would show an attractive net initial yield of 5%, after allowing for purchasers’ costs of
6.46% including LBTT (Land Building and Transactions Tax).

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,389 SF
Building Class
C
Year Built
1896
Price
$4,278,427
Price Per SF
$1,791
Cap Rate
5%
NOI
$213,921
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
0.78
Land Acres
0.07 AC
Frontage
30 FT on High St

Amenities

  • 24 Hour Access
  • Storage Space

Nearby Major Retailers

Nando's
Revolution
Bank of Scotland
Caffe Nero
Costa Coffee
Zizzi
Pret A Manger
YO!
Black Sheep Coffee
Byron
  • Listing ID: 31911270

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 188 High St, Edinburgh EH1 1QX

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