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Office

Office For Sale Edinburgh

PROPERTY ID: 126067

PROPERTY TYPE

Office

STATUS

Available

SIZE

694 sq.ft

Key Features

1st floor office extending to 64.5 Sq M (694 Sq Ft)
Recently refurbished to a high standard
Directly facing the Royal Mile
Let until October 2028
Offers in the region of £430,000 (VAT Exempt)
Net Initial Yield of 5.36% / Revisionary Yield of 5.81%

Property Details

The subjects are located in the heart of Edinburgh's Old Town, More specifically on Edinburgh's High Street or most commonly referred to as The Royal Mile. The Royal Mile is a bustling historical heritage centre containing many of Edinburgh's main tourist attractions, bars and restaurants. During the Edinburgh Fringe Festival held in August almost every year, the Royal Mile is transformed into the epicentre for the World's biggest Arts Festival with over 2.5 million tickets sold in 2023.

166 High Street Comprises A 1st Floor Self-contained Office, Lying Within A Substantial Mid Terraced Stone Built Tenement Building, Held Under A Pitched Timber And Slated Roof. The Property Is Accessed Directly Off The Royal Mile Via A Secure Door And Entry System. The Subjects Are Self-contained In Nature Providing Front And Back Office Rooms, Together With 2 Toilet Cubicles, One Containing A Shower Facility. Open Plan Tea Preparation Facilities Are Provided Within The Front Office Area. The Property Recently Received A Significant Refurbishment, Which Includes; New Toilets, Shower And An Integrated Sound System. The Property Is Held Within A Residential Stairwell, Therefore Are Well Suited To Residential Conversion (subject To Planning).

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About the Agent

Graham & Sibbald- Edinburgh

See Agent's Other Properties

Office Unit

£430,000 Freehold

166 High Street, Edinburgh, EH1 1QS
Office - Available
694 sq ft
64 sqm
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