Johnnie Walker - Princes Street, Edinburgh

• Unique opportunity to acquire the multi award-winning, flagship visitor experience for the world’s largest selling Scotch Whisky brand.
• More Scotch whisky is enjoyed globally than American, Japanese and Irish whiskies combined and Scotch whisky visitor centres are collectively the most popular tourist attraction in Scotland. 
• The property is let to Diageo Scotland Limited on a 25-year FRI lease, expiring 6th August 2044 (19.9 years UXT) at a current passing rent of £1,854,183 per annum.
• Diageo is a global leader in premium drinks, with over 200 brands including Johnnie Walker, Guinness, Smirnoff, Tanqueray and Baileys sold across 180 countries worldwide.
• 5 yearly upwards only rent reviews in line with the Retail Prices Index (RPI), capped at 3.5% per annum, compounded annually, with the next review being 7th August 2029.
• Diageo Scotland Limited reported 2023 FY turnover of £2.6 billion, pre-tax profits of £960 million and shareholder’s funds of £3.97 billion.
• Heritable Tenure (Scottish Equivalent of English Freehold).
• Excellent ESG credentials include BREEAM ‘Excellent’, LEED ‘Platinum’, and EPC ‘B’ rating.

We are instructed to seek offers in excess of £31,580,000 (Thirty One Million, Five Hundred and Eighty Thousand Pounds Sterling) subject to contract and exclusive of VAT.

A purchase at this level would reflect a net initial yield of 5.50% and a projected reversionary yield of 6.38% in August 2029, based on Oxford Economics Forecasts, allowing for standard purchaser’s costs based on LBTT.