145-147 Princes St | Edinburgh EH2 4BL
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145-147 Princes St
Edinburgh EH2 4BL
Retail Property For Sale
Investment Highlights
- Situated in a landmark corner position at the junction of Princes Street and Edinburgh’s traditional West End.
- Large glazed frontage.
- Stunning views overlooking Edinburgh Castle.
Executive Summary
We are instructed to seek offers in excess of £31,580,000 (Thirty One Million, Five Hundred and Eighty Thousand Pounds Sterling) subject to contract and exclusive of VAT.
A purchase at this level would reflect a net initial yield of 5.50% and a projected reversionary yield of 6.38% in August 2029, based on Oxford Economics Forecasts, allowing for standard purchaser’s costs based on LBTT.
A purchase at this level would reflect a net initial yield of 5.50% and a projected reversionary yield of 6.38% in August 2029, based on Oxford Economics Forecasts, allowing for standard purchaser’s costs based on LBTT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
74,895 SF
Building Class
B
Year Built
1935
Price
$57,204,899 CAD
Price Per SF
$764 CAD
Cap Rate
5.50%
NOI
$3,146,269 CAD
Tenancy
Single
Building Height
7 Stories
Building FAR
4.99
Lot Size
0.34 AC
Frontage
Amenities
- 24 Hour Access
- Security System
- Energy Performance Rating - B
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