Granton Retail Park
4 Properties in Edinburgh
Investment Highlights
- Significant high rise new build developments adjacent and further consented hotel, marina and residential developments due.
- Optimal Investment Opportunity
- Prime position on Edinburgh’s Waterfront.
Executive Summary
Lewis Ellis and Barklay Properties are pleased to offer for sale Granton Retail Park, 65 West Harbour Road, Edinburgh - a 160 year RPI linked ground rent investment.
3.25 acres, with a current Class 1 retail warehouse terrace of 57,585 sq ft.
- Heritable interest (equivalent of English freehold).
- Long lease to Glasgow Angling Centre Commercial Limited for 175 years from 1st August 2008 (circa 160 years unexpired).
- Current guaranteed rent of £104,696.82 per annum (representing £1.80 psf) based on RPI calculation to October 2023.
- Rent reviews 5-yearly, linked to RPI (collar 0% and capped 4%) annually compounded, with the next on 25th December 2024.
- Tenant has a low risk 2A2 D&B rating.
- Very low base rent with underlying property used for retail warehousing occupied by Go Outdoors, Glasgow Angling Centre and Food Plus currently producing £363,486 per annum (£6.29 psf).
- Significant high rise new build developments adjacent and further consented hotel, marina and residential developments due.
- Offers are invited for our client’s Heritable interest.
3.25 acres, with a current Class 1 retail warehouse terrace of 57,585 sq ft.
- Heritable interest (equivalent of English freehold).
- Long lease to Glasgow Angling Centre Commercial Limited for 175 years from 1st August 2008 (circa 160 years unexpired).
- Current guaranteed rent of £104,696.82 per annum (representing £1.80 psf) based on RPI calculation to October 2023.
- Rent reviews 5-yearly, linked to RPI (collar 0% and capped 4%) annually compounded, with the next on 25th December 2024.
- Tenant has a low risk 2A2 D&B rating.
- Very low base rent with underlying property used for retail warehousing occupied by Go Outdoors, Glasgow Angling Centre and Food Plus currently producing £363,486 per annum (£6.29 psf).
- Significant high rise new build developments adjacent and further consented hotel, marina and residential developments due.
- Offers are invited for our client’s Heritable interest.
Property Facts
Sale Type | Investment |
Status | Pending |
Number of Properties | 4 |
Individually For Sale | 0 |
Total Building Size | 114,160 SF |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
62A West Harbour Rd, Edinburgh EH5 1PW | Industrial | 42,489 SF | 1990 | - |
62 West Harbour Rd, Edinburgh EH5 1PW | Office | 12,633 SF | 1960 | - |
65 West Harbour Rd, Edinburgh EH5 1PW | Retail | 58,038 SF | 2008 | - |
Royal Forth Yatch club
6 Heron Ln, Edinburgh EH5 1FA |
Specialty | 1,000 SF | 1970 | - |
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