- Edinburgh is Scotland’s capital city and one of the most dynamic and fastest growing cities in the UK.
- Excellent transport links with trams and buses running directly past the property.
- 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.
- 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 producing a NIA of 12,344 sq ft (1,146.8 sq m).
- Let on a FRI lease to Sainsbury Supermarkets Ltd until 3rd September 2028. The tenant benefits from the option to extend the lease at expiry for a further 10 years.
- Current passing rent is £391,652.87 per annum reflecting £31.73 per sq ft..
- 5 yearly rent reviews to the higher of open market value or RPI subject to a collar and cap of 1.5% - 3.5% per annum compounded. The next rent review is on the 2nd September 2027.
- Feuhold (Freehold).
Offers are invited in excess of £5,250,000 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%.
