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Edinburgh – Attractive High Street Bank Investment

28-30 Hanover Street, Edinburgh, EH2 2DS

Offers in excess of £3,200,000

Property Type:
Commercial
Sub Type:
Bank
Tenure:
Freehold
Net Initial Yield:
8.51%

Income

£290,000 pa

Description

  • Edinburgh is the capital city of Scotland and its principle, financial and administrative centre
  • Attractive Category A Listed building in a prominent position along Hanover Street
  • Fully let to TSB Bank Plc on a 15 year lease expiring 24 December 2026
  • Unexpired lease term of 5.53 years
  • Total area of approximately 14,477 sq ft
  • Total rental income of £290,000 per annum, equating to £103 Zone A
  • Next review 25 December 2021
  • The tenant did not exercise the 25 December 2021 break option
  • Heritable Interest (Scottish Freehold)
  • The tenant has been in occupation since 1996