1-6 Canonmills Bridge, Edinburgh, EH3 5LF

Availability

For Sale

Price

£600,000

Description

The property comprises a ground and basement of a redevelopment by Dunedin House Properties completed in 2021. The upper floors comprise 6 apartments and 3 townhouses.

Location

Edinburgh is Scotland’s capital with a resident population of approximately 460,000 and a wider catchment in excess of 1m persons. The Canonmills area is situated in the New Town, just north of Edinburgh city centre with easy access to Princes Street and George Street as well as Waverley Station. Stockbridge, with its village like appeal is only a short walk away via the Water of Leith providing a number of independent shops, bars, restaurants and delicatessens. Canonmills also includes many cafes and shops, along with easy access to the Botanical Gardens, Inverleith Park, The Grange, Heriots and Edinburgh Academical Sports Clubs. There are regular bus services into the city centre.

Key Points

  • Wealthy suburban location
  • New attractive development with residential above
  • Let to Smile2Impress for 10 years (break at year 5) – one of the largest orthodontic chains in Europe
  • Rent of £45,000 p.a. which is £14.28 per sq ft overall
  • Offers Over £600,000 – Net Initial Yield of 7.15%

Lease Type

New Lease

Size

3,182 sq ft (295 sq m)

Accommodation

Area sq ft sq m
Ground floor 1,884 175
Basement 1,298 120