Sainsbury's, Murrayfield, 39 Westfield Road, Edinburgh EH11 2QW
Prime Dominant Edinburgh - Supermarket Opportunity
- Edinburgh is the capital of Scotland, one of the most prosperous regions of the UK and is a major financial, administrative and tourist centre.
- Situated in a prominent position on Westfield Road in a well established residential location, only 1.5 miles from Haymarket.
- Dominant store in its primary catchment area.
- Let to Sainsbury’s Supermarkets Limited, expiring on 5th December 2032.
- One of the largest foodstores operating in the west of Edinburgh, with an extensive catchment population of 371,123 people within a 15 minute drive time.
- Well configured standalone foodstore arranged over ground and first floors, totalling 108,241 sq ft (10,056.9 sq m) with 370 customer parking spaces on a 5.92 acre site.
- Current rental income of £2,018,500 per annum (£18.65 per sq ft).
- Heritable interest (Scottish equivalent of English Freehold).
- Opportunity to regear the occupational lease following the settlement of the outstanding rent review.
- The vendor is seeking offers in excess of £29,100,000 (Twenty-Nine Million and One Hundred Thousand Pounds) subject to contract. A purchase at this level would reflect a net initial yield of 6.5% after allowing for purchasers costs of 6.8%.