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32-36 Shandwick Pl

12,344 SF Retail Building Edinburgh EH2 4RT $9,462,937 CAD ($767 CAD/SF) 7% Cap Rate

Investment Highlights

  • Edinburgh is Scotland’s capital city and one of the most dynamic and fastest growing cities in the UK.
  • Large affluent catchment with a 15-minute drive time population of 386,805 people and 43.4% of the population being in social grade AB.
  • Let on a FRI lease to Sainsbury Supermarkets Ltd until 3rd September 2028.
  • Excellent transport links with trams and buses running directly past the property.
  • Larger than most City Centre convenience stores with a ground floor area of 6,469 sq ft combined with a basement storage of 5,875 sq ft
  • Current passing rent is £391,652.87 per annum reflecting £31.73 per sq ft

Executive Summary

Offers are invited in excess of £5,250,000 for the freehold interest. Subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 7.00% , reversionary to 8.23% and a capital value of £425 per sqft after allowing for purchaser costs of 6.58%.

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
12,344 SF
Building Class
B
Year Built
1823
Price
$9,462,937 CAD
Price Per SF
$767 CAD
Cap Rate
7%
NOI
$662,406 CAD
Tenancy
Single
Building Height
2 Stories
Frontage
52 ft on Shandwick Place

Amenities

  • Security System
  • Storage Space

Nearby Major Retailers

The Bank of New York Mellon
Pure Gym
Caffe Nero
All Bar One
Wagamama
ASK Italian
Barburrito
Zizzi
Pret A Manger
Prezzo
  • Listing ID: 33322006

  • Date on Market: 2024-09-27

  • Last Updated:

  • Address: 32-36 Shandwick Pl, Edinburgh EH2 4RT

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