Hanover House, 45-51 Hanover Street, New Town, Edinburgh, Scotland, EH2 2PJ
£427.45 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
16,961 sq ft
1,576 sq m
- SECTOR
High street retail property for sale
Key features
- Exceptionally rare opportunity to purchase an entire mixed-use block within Edinburgh City Centre
- Superb location on the East side of Hanover Street between George Street and Princes Street
- Impressive tenant line-up providing a diverse mix of income and uses (57% retail, 31% office, 12% leisure)
- Tenants; Pret A Manger, Jojo Maman Bebe, Paddywax, El Barrio Latino, Mackerel Media, Mekon AIS, Lycetts and Innovate UK
- Total passing rent of £524,250 per annum
- WAULT of 6.15 years to breaks and 6.8 years to expiries
- Offers in excess of £7,250,000 (exclusive of VAT)
- Net initial yield of 6.78%
- 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)
Description
Exceptionally rare opportunity to purchase an entire mixed-use block within Edinburgh City Centre
Superb location on the East side of Hanover Street between George Street and Princes Street
Impressive tenant line-up providing a diverse mix of income and uses (57% retail, 31% office, 12% leisure)
Tenants; Pret A Manger, Jojo Maman Bebe, Paddywax, El Barrio Latino, Mackerel Media, Mekon AIS, Lycetts and Innovate UK
Total passing rent of £524,250 per annum
WAULT of 6.15 years to breaks and 6.8 years to expiries
Offers in excess of £7,250,000 (exclusive of VAT)
Net initial yield of 6.78%
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)
Brochures
Hanover House, 45-51 Hanover Street, New Town, Edinburgh, Scotland, EH2 2PJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Edinburgh Waverley Station0.3 miles
- Haymarket Station1.0 miles
- Slateford Station2.6 miles
Notes
Disclaimer - Property reference 18286FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ryden LLP, Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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