Occupying a 100% prime pitch position on George Street, this flagship retail property is let to lifestyle brand White Stuff on a new 10-year lease from June 2023, at £220,000 per annum.
The 7,819 sq ft Grade B listed property includes the 6,882 sq ft White Stuff store alongside a vacant first and second floor mews apartment which is ripe for refurbishment.
Boasting excellent transport connections across the city, the property is located just 4 minutes’ walk from Princes Street tram stop and 9 minutes’ walk from Waverley train station.
FMX’s Tom Heptonstall and Patrick Kilvington have been instructed alongside joint agents Monica McRoberts and Charlie Springall of Springford & Co to seek offers in excess of £3.6m for the property, reflecting a net initial yield of 6% on the retail income and an allocation of £150,000 on the rear mews apartment. Get in touch today to find out more details.
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