High Street - The Links Shopping Centre, Prestonpans, ELN

The property comprises a neighbourhood shopping centre constructed in 1984 and includes four ground floor retail units and a supermarket. The building is of steel frame construction with brick elevations. There is a slate roof to the front elevation of the property and a metal clad pitched roof to the rear.
The property is located in the heart of the town centre on High Street, the main arterial route through Prestonpans.

Prestonpans is located approximately eight miles east of Edinburgh. Surrounding towns include Musselburgh, Cockenzie, Port Seton and Tranent. The town benefits from excellent road links with the B1348 connecting to Edinburgh, and the A1 connecting with Berwick (47 miles) and Newcastle upon Tyne (99 miles). The town has its own railway station located close to the shopping centre, which connects to Edinburgh Haymarket Railway Station.

Sale Notes:
The available investment comprises a neighbourhood shopping centre currently let to Blockbuster, Co-op and Logan Gray Ltd providing a combined rent of £150,750. There is one vacant unit.
The Marketing agents are instructed to seek offers in excess of £1,700,000 (One Million, Seven Hundred Thousand Pounds) exclusive of VAT for the Heritable Interest in the property. A purchase at this level would provide a net initial yield of 8.40%, assuming acquisition costs of 5.8%, on the current income received and a reversionary yield of 9.05%.