124/125 Princes Street

A prime Edinburgh mixed-use investment opportunity.

An exceptional opportunity to acquire a prime mixed-use retail and office investment in one of Edinburgh’s most prominent city centre locations.

Situated on Princes Street, Edinburgh’s principal retail thoroughfare, the property extends to approximately 38,777 sq ft and comprises a substantial retail unit occupied by Urban Outfitters, alongside high-quality office accommodation with outstanding views across Princes Street Gardens towards Edinburgh Castle.

The property benefits from an established and diversified tenant profile, including Urban Outfitters, Ramboll, Harley Haddow, Fairhurst, Ouster and Cavendish Securities, generating a current passing rent of £1,186,280 per annum.

Located within Edinburgh’s prestigious Golden Rectangle, the property benefits from excellent transport connections, with Princes Street and West End tram stops nearby, alongside a wide range of retail, leisure and hospitality amenities.

Summary

  • Prime mixed-use retail and office investment extending to 38,777 sq ft.
  • Prominent position on Princes Street, Edinburgh’s principal retail thoroughfare, with unrivalled views of Edinburgh Castle.
  • Urban Outfitters has occupied the property since 2009, recently agreeing a lease extension.
  • Current passing rent of £1,186,280 per annum.
  • WAULT of 6.92 years, with 4.49 years to breaks.
  • Established and diversified tenant profile, including Urban Outfitters, Cavendish Securities, Ramboll and Fairhurst Group.
  • Limited capital expenditure anticipated in the medium term.
  • Heritable Interest (Scottish equivalent of English Freehold).
  • Offers over £17.5 million, reflecting a net initial yield of 6.31% and reversionary yield of 7.04%.
  • Attractive capital value of just £456 per sq ft.
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Stephen Kay

+44 (0)7971 809226

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