Mill Sells for Over Half a Million
23rd June 2007
The Edinburgh Woollen Mill on the city’s Royal Mile has been sold (Ryden acting) on behalf of a private investor.
The property is let to The Edinburgh Woollen Mill Limited until 2014. The property was sold to a private investor for £586,500 which represents a net initial yield of 3.99%.
John Morton of Ryden said: "It is rare that an investment in the heart of Edinburgh's historic Old Town comes to the open market and we received a significant number of enquiries for this prominent retail unit from private investors across the UK. This deal represented an excellent result for our client."
Graham & Sibbald advised the purchaser.
