Property photos
Offers over
£7,250,000
(£427.45/sq. ft)
Property for sale
Hanover House, 45-51 Hanover Street, New Town, Edinburgh, Scotland EH216,961 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Basil Paterson School Middle School S3 S4 0.2 miles
- Basil Paterson School Upper School S5 S6 0.3 miles
- Edinburgh 0.3 miles
- Haymarket 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Edinburgh to find out more about the local area.
Features and description
- Exceptionally rare opportunity to purchase an entire mixed-use block within Edinburgh City Centre
- 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 (57% retail, 31% office, 12% leisure)
- Tenants; Pret A Manger, Jojo Maman Bebe, Paddywax, El Barrio Latino, Mackerel Media, Mekon ais, Lycetts and Innovate UK
- Total passing rent of £524,250 per annum
- WAULT of 6.15 years to breaks and 6.8 years to expiries
- Offers in excess of £7,250,000 (exclusive of VAT)
- Net initial yield of 6.78%
- Potential for alternative uses on the upper floors and for future development of the air-space over the rear of the ground floor retail units (subject to planning)
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.
Exceptionally rare opportunity to purchase an entire mixed-use block within Edinburgh City Centre
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 (57% retail, 31% office, 12% leisure)
Tenants; Pret A Manger, Jojo Maman Bebe, Paddywax, El Barrio Latino, Mackerel Media, Mekon ais, Lycetts and Innovate UK
Total passing rent of £524,250 per annum
WAULT of 6.15 years to breaks and 6.8 years to expiries
Offers in excess of £7,250,000 (exclusive of VAT)
Net initial yield of 6.78%
Potential for alternative uses on the upper floors and for future development of the air-space over the rear of the ground floor retail units (subject to planning)
Exceptionally rare opportunity to purchase an entire mixed-use block within Edinburgh City Centre
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 (57% retail, 31% office, 12% leisure)
Tenants; Pret A Manger, Jojo Maman Bebe, Paddywax, El Barrio Latino, Mackerel Media, Mekon ais, Lycetts and Innovate UK
Total passing rent of £524,250 per annum
WAULT of 6.15 years to breaks and 6.8 years to expiries
Offers in excess of £7,250,000 (exclusive of VAT)
Net initial yield of 6.78%
Potential for alternative uses on the upper floors and for future development of the air-space over the rear of the ground floor retail units (subject to planning)
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Ryden. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Ryden for full details and further information.