Offers over
£7,250,000
(£427.45/sq. ft)
Retail premises for saleHanover House, 45-51 Hanover Street, New Town, Edinburgh, Scotland EH2
16,961 sq. ft
About this property
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)
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)
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