45-51 Hanover St - Office FOR SALE
Edinburgh, EDH EH2 2PJ |
$7,250,000 USD
131-381-0567
45-51 Hanover St
Edinburgh, EDH EH2 2PJ
HIGHLIGHTS
- 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)
FOR SALE DETAILS
PRICE
$7,250,000 USD
PRICE/SF
$427 USD /SF
CAP RATE
6.78%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hanover House
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
5
BUILDING CLASS
B
YEAR BUILT
1790
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.07 AC
LAND SF
3,049 SF
ZONING
-
APN/PARCEL ID
-
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131-381-0567
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131-381-0567
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