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For Sale
Hanover House, 45A-51 Hanover Street, New Town, Edinburgh, Scotland, EH2 2PJ
Tenure

For Sale

Type

Retail

Price

Offers in Excess Of - £4,750,000

Size

16,961 Sq Ft

Ref No

18286

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Property Highlights

  • Exciting opportunity to purchase a prime retail and leisure parade in the heart of Edinburgh City Centre
  • Accommodation arranged over ground and basement levels of stunning Category B listed Hanover House
  • 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
  • Tenants; Pret A Manger, Paddywax, El Barrio Latino and Jojo Maman Bebe
  • Total passing rent of £360,500 per annum
  • WAULT of 6.62 years to breaks and 7.22 years to expiries
  • Offers in excess of £4,750,000 (exclusive of VAT)
  • Net initial yield of 7.12%

Overview

Hanover House comprises a Category B listed period building within Edinburgh's New Town Conservation Area. The building has been repurposed and adapted over time to provide an impressive combination of retail, leisure (bar/nightclub) and office accommodation.

Kyle Wright Image

Kyle Wright

Graduate Surveyor

Nick Armstrong Image

Nick Armstrong

Partner

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