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Investment Highlights

  • Exceptionally rare opportunity to purchase an entire mixed-use block within Edinburgh City Centre.
  • Impressive tenant line-up providing a diverse mix of income and uses (57% retail, 31% office, 12% leisure).
  • Offers in excess of £7,250,000 (exclusive of VAT).
  • Superb location on the East side of Hanover Street between George Street and Princes Street.
  • WAULT of 6.15 years to breaks and 6.8 years to expiries.
  • Potential for alternative uses on the upper floors and for future development of the air-space over the rear of the ground floor retail units (subject to planning).

Executive Summary

Exciting opportunity to purchase a prime retail and leisure parade in the heart of Edinburgh City Centre. The subjects comprise a thriving city centre unit fitted out in Pret's usual corporate style. Accommodation is arranged over ground and basement levels with generous customer seating areas, WC's, and kitchen areas. This is one the Pret's busiest Edinburgh branches. Traditional retail unit arranged over ground and basement levels. Prime position, well presented unit and tenant fit-out complimenting the character of the building. Trading as a candle bar and workshop. Long established Cuban style basement bar and nightclub with impressive dedicated street level entrance way. Flexible accommodation, would be suitable for a wide range of alternative future uses (including gymn, yoga studio etc.).Impressive ground floor retail unit fitted-out in Jojo's usual corporate style. The extensive accommodation provides retail space, associated staff facilities and a play area for younger visitors /customers.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
16,961 sq ft
Costar Property Class
B
Year Built/Renovated
1790/1868
Price
£4,750,000
Price per sq ft
£280.05
Yield
7.12%
NOI
£338,200
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Plot ratio
4.58
Total Plot Size
0.08 ac

Amenities

  • 24 Hour Access
  • Security System

Major Tenants

  • Tenant
  • Industry
  • sq ft Occupied
  • Rent/sq ft
  • Lease End
  • Retailer
  • 2,747 sq ft
  • -
  • Nov 2027

El Barrio offers a Latino experience of zesty drinks, amazing music and fiesta on the dance floor every night, seven-nights-per-week!

  • Forth Communications Ltd
  • -
  • 2,090 sq ft
  • -
  • Aug 2026
  • Retailer
  • 3,500 sq ft
  • -
  • -

JoJo Maman Bébé began in 1993 as a mail-order seller specialising in maternity wear and children's clothes. The company now sells maternity, baby, children's and nursery products through online and store channels, with a range that includes clothing, accessories, gifts, toys and family essentials. The business is a B Corp and focuses on responsibly sourced materials and durable designs. In 2022, the company was acquired by Next and an investment group, while remaining a multi-channel retailer in the UK and Ireland.

  • Professional, Scientific, and Technical Services
  • 2,109 sq ft
  • -
  • May 2020

KTN Connects people. To speed up innovation, solve problems and find markets for new ideas. Established to foster better collaboration between science, creativity and business, KTN has specialist teams covering all sectors of the economy – from defence and aerospace to the creative industries, the built environment to biotechnology and robotics. KTN has helped thousands of businesses secure funding to drive innovation. And we support them through their business cycle to see that investment through to success.

  • Logicnow
  • -
  • -
  • -
  • -
  • Lycett, Browne-Swinburne & Douglass LTD
  • -
  • 2,110 sq ft
  • -
  • Aug 2023
  • Oliver Bonas Ltd
  • Retailer
  • 1,683 sq ft
  • -
  • Apr 2023
  • Professional, Scientific, and Technical Services
  • 700 sq ft
  • -
  • -

Porter Novelli has origins that are distinctive from any other major player in public relations: from the founding vision of leaders who transformed public health and changed lives through the commercial success of social marketing to our expansion by acquiring best-in-class local operations in markets worldwide. It is in the DNA of our top talent to be pioneers in successfully challenging the convention of our industry.

  • Accommodation and Food Services
  • 1,025 sq ft
  • -
  • Nov 2022

Pret A Manger began in London in 1986 and grew from a single shop into a British sandwich and coffee chain. The business serves freshly made sandwiches, salads, soups, hot breakfast items, snacks, and organic coffee, with food prepared daily in shop kitchens and barista-made drinks served throughout the day. The company also supports The Pret Foundation, which focuses on reducing homelessness through food donations, financial grants, training, and employment support. The company has continued its international expansion, growing sales across company-owned and franchise shops, and introduced new shop formats alongside franchise partnerships.

  • Manufacturing
  • 941 sq ft
  • -
  • -

Pretty Green is a fashion clothing label founded and designed by Liam Gallagher and established in 2009. There are two distinct collections: The Green Label is a focused, casual range dedicated to providing quality, everyday signature pieces. The Black Label is classic British tailoring, using fine fabric with an innovative attention to detail. All of the pieces in each collection are strictly limited edition and are designed by Liam in collaboration with the team at Pretty Green. The

Tenant Industry sq ft Occupied Rent/sq ft Lease End
Retailer 2,747 sq ft - Nov 2027
Forth Communications Ltd - 2,090 sq ft - Aug 2026
Retailer 3,500 sq ft - -
Professional, Scientific, and Technical Services 2,109 sq ft - May 2020
Logicnow - - - -
Lycett, Browne-Swinburne & Douglass LTD - 2,110 sq ft - Aug 2023
Oliver Bonas Ltd Retailer 1,683 sq ft - Apr 2023
Professional, Scientific, and Technical Services 700 sq ft - -
Accommodation and Food Services 1,025 sq ft - Nov 2022
Manufacturing 941 sq ft - -

Nearby Major Retailers

Veeno
All Bar One
Black Sheep Coffee
Londis
HSBC
Banco Santander
Miller & Carter
Nando's
Hard Rock Cafe
Bella Italia
  • Listing ID: 35955226

  • Date on Market: 22/05/2025

  • Last Updated:

  • Address: 45-51 Hanover St, Edinburgh EH2 2PJ

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