Summary - 99B, PRINCES STREET EH2 3AA
1 bed 1 bath Retail Property (high street)
Castle-front unit with huge footfall from tourists, students and commuters.
Prime frontage opposite Edinburgh Castle and main Princes Street pitch
Set directly opposite Edinburgh Castle on the city’s principal retail pitch, this substantial high-street unit offers exceptional visibility and steady pedestrian flow from tourists, students and commuters. The property extends across ground, mezzanine and an extensive basement, providing generous sales and storage space totalling about 1,700 sq ft and a modern fully glazed frontage onto a busy pavement.
Internally the space combines a contemporary glazed shopfront with traditional period detailing inside, including wood panelling and coffered ceiling features. Excellent public transport links sit immediately adjacent — tram stop, frequent bus routes and Waverley Station within easy walking distance — supporting strong catchment access for national occupiers.
Important considerations for buyers: the lease has c.14 years unexpired and the tenure is unknown. That relatively short unexpired term is likely to restrict mortgage lending and will be a material issue for some purchasers. There is no on-site parking and the property sits within a very deprived local area classification, which may affect certain uses and funding.
For a cash buyer or specialist investor willing to manage lease refurbishment or reversion planning, the location and size represent clear potential for rental growth or re-letting to a national occupier. However, buyers should factor in lease length and funding constraints before committing and seek detailed legal and survey advice.
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