Syndicate Type: Geared
Asset Type: Retail
Property Address: 47B George Street, Edinburgh, EH2 2HT
Tenant: Phase Eight (Fashions & Designs Ltd)
Lease Expiry: 31/07/2023
Passing rent: £97,340
The property is situated on the north side of George Street, between the junctions of Frederick Street and Hanover Street, in Edinburgh city centre. The prime retail location is Princes Street, which runs parallel to the south of George Street. The street comprises upmarket fashion retailers including Whistles, Coast. Brook Brothers and Jo Malone. The subject is located between Hobbs and LK Bennett.
The subject comprises the ground and basement of a larger traditional terraced building with offices on the three upper floors. The ground floor provides a sales area with a store and WC partitioned off to rear. It is narrow at the front but widens out approximately a quarter of the way into the unit. The basement provides staff/storage space and a WC.