40-41 South Bridge, Edinburgh, EH1 1LL

Availability

Sold

Rent

Rent on application

Key Points

  • Well configured retail unit in the historic Old Town area of Edinburgh City Centre, offering excellent trading potential from a high footfall location.
  • Benefitting from one of the busiest, all year round, tourist driven footfall locations in the UK.
  • Edinburgh is the most popular tourist destination in the UK, outwith London, attracting 4.9m tourist visitors in 2019, spending over £1.9bn.
  • South Bridge forms part of a critical, arterial transport route linking Edinburgh’s New Town to the north (St James Quarter & Princes St) with the Old Town to the south.
  • The Royal Mile, Edinburgh Castle, Edinburgh University, Princes Street and the recently opened St James Quarter, a destination retail and leisure location, are only a short walk away.
  • Fully let to Forbidden Planet International until 02/07/2033. The tenant has been trading from the property since 1998 and has extended the lease twice.
  • Passing rent of £65,000 per annum with an upwards only rent review due 02/07/2028.
  • Offers Over £950,000 which reflects a net Initial yield of 6.5%, assuming standard purchasers costs.

Size

2,496 sq ft (231.00 sq m)