Edinburgh’s only Wickes store has been sold for over the asking price in a £6m deal that underlines the continued appeal of urban retail warehousing.
The 21,935 sq ft property on Stevenson Road is let to the building supplies provider on a long-term lease and had been marketed for just over £5.6m. It has been acquired by a UK-based family trust.
Knight Frank acted for the vendor, a UK property fund, with the deal representing a net initial yield of 5.1%.
