121-135 Portobello High St
Edinburgh EH15 1AF
Retail Property For Sale
Investment Highlights
- Good quality VAT free retail/café investment
- Approximately 12 years remaining until lease expiry with t/o break option on 31st October 2027
- Next rent review is due on 1st November 2022 and is on an upward only basis to the higher of open market rent or RPI increases
- Property benefits from Class 3 consent
- Passing rent £12,000 per annum
- Asking terms offers over £175,000 reflecting a net intial yield of 6.73%
Executive Summary
The subjects comprise a ground floor retail/café unit as part of a larger 3 storey traditional stone built terraced property surmounted by a pitched and slated roof. The subjects are located on Portobello High Street, on the south side within a small retail parade of other similar style units with local occupiers. Portobello itself is a popular suburb of Edinburgh located approximately 3 miles North East of the city centre and lies on the shores of the Firth of Forth with a popular promenade and beach. Portobello High Street itself is a main thoroughfare forming part of the A199. More specifically the subjects sit in between the junction of Brighton Place and Rosefield Avenue within one of the main retailing sections on Portobello High Street. The property is set back slightly from the main road itself albeit still offer good visibility and offer a high volume of pedestrian footfall. The subjects also benefit from great transport links with regular bus services passing through Portobello.
Property Facts
| Property Type | Retail | Net Internal Area (NIA) | 3,292 sq ft |
| Property Subtype | Shopfront Retail / Residential | No. Floors | 3 |
| Costar Property Class | C | Year Built | 1897 |
| Total Plot Size | 0.09 ac |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Total Plot Size | 0.09 ac |
| Net Internal Area (NIA) | 3,292 sq ft |
| No. Floors | 3 |
| Year Built | 1897 |
Amenities
- Security System
- Storage Space
