SHEPHERD Chartered Surveyors has secured the former Luckenbooth shop at 215 High Street in Edinburgh for Kiltane Retail on a 25-year lease at £75,000 pa.
Kiltane Retail operates from a number of high quality premises in Edinburgh and this 905sq ft ground floor unit will complement these and operate as a premium provider of the finest Scottish clothing and accessories.
Links CPC, acting on behalf of the private landlord, received 12 offers at a closing date with all offers in excess of the guide rent of offers over £50,000pa.
David Matthews, of Links CPC, said: “Our client was delighted with the extraordinary response to marketing and are pleased to secure Kiltane Retail as a tenant.”
Ian Hannon, managing partner at Shepherd with responsibility for overseeing its commercial operation in Edinburgh, said: “We have been delighted to assist Kiltane in this and a number of other high profile acquisitions throughout Edinburgh.
“This unit occupies a highly prominent position within the heart of Edinburgh’s Old Town on the prime Royal Mile, therefore we were not surprised at the level of interest the property generated. We were delighted to advise Kiltane Retail in the acquisition of such a prime unit which we feel will trade well, given the high tourist traffic in the area.”
The unit is scheduled to open late March 2014.
ENDS
For further information please contact Ian Hannon tel 0131 225 1234
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
DATE: 28th February 2014
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