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188 High St 2,389 SF 100% Leased Retail Building Edinburgh EH1 1QX $4,511,238 ($1,888.34/SF) 5% Cap Rate

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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
$4,511,238
Price Per SF
$1,888.34
Cap Rate
5%
NOI
$225,562
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
0.78
Lot Size
0.07 AC
Frontage
30’ on High St

AMENITIES

  • 24 Hour Access
  • Storage Space

NEARBY MAJOR RETAILERS

Caffè Nero
Costa Coffee
Pret A Manger
Bank of Scotland
Nando's
Zizzi
YO!
Frankie & Benny's
Byron
Tesco
  • Listing ID: 31911270

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 188 High St, Edinburgh EH1 1QX

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