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188 High St 2,389 sq ft 100% Let Retail Property Edinburgh EH1 1QX £3,380,000 (£1,414.82/sq ft) 5% Net Initial Yield
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).
6.46% including LBTT (Land Building and Transactions Tax).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,389 sq ft
Costar Property Class
C
Year Built
1896
Price
£3,380,000
Price per sq ft
£1,414.82
Yield
5%
NOI
£169,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Plot ratio
0.78
Total Plot Size
0.07 ac
Frontage
30 ft on High St
AMENITIES
- 24 Hour Access
- Storage Space
1 1
NEARBY MAJOR RETAILERS
CONTACTS
-
Graeme Millar -
Stewart Sheridan -
Cathal Keane -
Sheridan Keane Real Estate Investment
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188 High St
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