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Davidson House 57 Queen Charlotte St 3,373 SF 100% Leased Office Building Edinburgh EH6 7YD $1,119,735 CAD ($331.97 CAD/SF) 5.38% Cap Rate
Investment Highlights
- Located within the extremely vibrant Leith district of Edinburgh.
- 4 secure car parking spaces to rear.
- Situated in bustling mixed-use neighbourhood.
- Suitable for a variety of uses, including service apartments short-term lets, boutique hotel, residential and a variety of alternative commercial uses STP.
Executive Summary
For sale with offers invited over £595,000. The property is currently let to L’Arche at a passing rent of £32,000 per annum until April 2027, providing short-term income while offering longer-term asset management and redevelopment potential, subject to planning. Based on the asking price, the passing rent reflects an approximate gross yield of 5.38%. The property is not VAT elected.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,373 SF
Building Class
B
Year Built
1889
Price
$1,119,735 CAD
Price Per SF
$331.97 CAD
Cap Rate
5.38%
NOI
$60,221 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
968 SF
Building FAR
1.06
Lot Size
0.07 AC
Parking
6 Spaces (2.07 Spaces per 1,000 SF Leased)
Amenities
- Security System
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Davidson House | 57 Queen Charlotte St
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