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.

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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  • Listing ID: 32317239

  • Date on Market: 7/2/2024

  • Last Updated:

  • Address: Granton Retail Park, Edinburgh, EDH