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6-10 Frederick St

12,613 SF 100% Leased Retail Building Edinburgh EH2 2HB $6,398,360 ($507/SF) 8.04% Cap Rate

Investment Highlights

  • Prime location on the west side of Frederick Street bound by Princes Street to the south & George Street to the north.
  • Great footfall area.
  • Large glazed retail frontage with office space above.

Executive Summary

Offers in excess of £5,150,000 (five million, one hundred & fifty thousand pounds sterling) are invited. A purchase at this level reflects an attractive net initial yield of 8.04%, reversionary yield of 9.31% & capital rate of £408 per sq ft, after allowing for standard purchasers costs of 6.58%. Total passing rent of £441,241 per annum

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
12,613 SF
Building Class
B
Year Built
1830
Price
$6,398,360
Price Per SF
$507
Cap Rate
8.04%
NOI
$514,428
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
0.76
Lot Size
0.38 AC
Frontage
67 FT on Frederick Street

Amenities

  • Bus Line
  • Storage Space

Nearby Major Retailers

Iceland
Nando's
Starbucks
Costa Coffee
TGI Fridays
Wildfire
Five Guys
YO!
Las Iguanas
Black Sheep Coffee
  • Listing ID: 33445361

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 6-10 Frederick St, Edinburgh EH2 2HB

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