Summary - 91, HIGH STREET EH41 3ET
1 bed 1 bath Not Specified
Prominent town‑centre investment with immediate income and reversionary yield.
B‑listed historic former hotel on Haddington High Street
A rare town-centre investment within a handsome B‑listed former hotel on Haddington High Street. The ground‑floor café benefits from Class 3 consent, prominent frontage, a landscaped outdoor seating area and space for around 60 covers — attractive trading fundamentals for an operator or income investor. The current passing rent is £24,000 per annum, with offers over £275,000 reflecting a reversionary yield of approximately 8.5%.
The premises are let to Falko (Konditormeister) Limited until 8 August 2027, providing immediate income but only six years of unexpired lease. That short lease term is a material issue: many mortgage lenders will refuse lending on this asset and any purchaser should allow for the forthcoming lease expiry when assessing value and exit options.
The building’s listed status and historic fabric are key strengths for character and location but will restrict alterations and may increase consent and maintenance requirements. Practical considerations include a single rear parking space shared with residents, average broadband and mobile signal, and the property’s location within an area flagged as very deprived — factors that can affect tenant demand and future rental growth.
This opportunity suits a buyer targeting steady short‑term income with redevelopment or lease-renewal potential, or an investor comfortable managing listed-property constraints. All material issues are disclosed: short lease length, listed-status constraints, and potential lender limitations should be factored into any offer or financing plan.
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