Ocean Terminal Shopping Centre - Edinburgh
Ocean Terminal, 74 Ocean Drive, Leith, Edinburgh, EH6 6JJ
HK$192,899,000 | 277,435 sf
Description
Long-let supermarket investment with c. 50 years term certain.
...
Attributes
Asking price
HK$225,244,000
Building area net
118,611 sf
Occupancy
100%
Year built
1974
Cap rate
5.5%
NOI
HK$13,232,000
Media
Investment Highlights
- Prominently situated in Washington fronting both Sunderland Highway (A1231) and Washington Highway (A182)
- Newly refurbished supermarket unit of 118,611 sq ft, with approximately 458 car parking spaces (1:259 sq ft)
- Large catchment population of 1,198,323 people (2021) with a comparison goods spend potential of £74.4 million
- Single-let in its entirety to McLagan Investments Ltd, with a Guarantee from Asda Stores Limited
- Exceptionally long unexpired term of 49 years to expiry with no breaks
- Passing rent of £1,243,550 per annum equating to an affordable average rent of £10.46 per sq ft secured against a low risk covenant
- Freehold
Contact brokers
Asda Washington (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
16 May 2024
