- Edinburgh is a leading tourist destination attracting millions of visitors each year to the city's rich history and stunning architecture recognised by its UNESCO World Heritage status.
- Prime location on Brandfield Street within mthe heart of the city's West End.
- Modern aparthotel that was constructed min 2012 and consists of 60 one and two bedroom apartments.
- Let on two FRI leases to Stayedinburgh Limited with a guarantee from Staycity Limited until the 26th March 2037 providing an unexpired term certain of 12.40 years.
- The total current passing rent is £759,984 per annum reflecting £12,666 per room.
- 5 yearly upwards only CPI linked rent reviews subject to a collar and cap of 2% - 5% per annum compounded annually.
- The next reviews are due on the 27th March 2027 where the rent is forecast to increase to approximately £891,000 per annum.
- Staycity are Europe's leading aparthotel operator offering hotel standards with the comfort of apartment living. They have a D&B rating of 3A2 reflecting low risk of business failure.
- Feuhold
We are inviting offers in excess of £12,400,000 subject to contract and exclusive of VAT. A purchase at this level will reflect a Net Initial Yield of 5.75% and a Reversionary Yield of 6.75%. The property has a capital value of £206,500 per room after allowing for purchaser costs of 6.75%.
