Adjacent to the main Merchant Square, and part of the property demise, is a three storey Georgian style building, converted to office use and accessed from Albion Street. The ground floor of this comprises a pub / restaurant unit, which extends into Merchant Square.
PURCHASE
On behalf of the Clydebuilt Limited Partnership, Ediston acquired Merchant Square in January 2015 for a price of £7.0m reflecting a net initial yield of 8.9%.
ACHIEVEMENTS
- Re-let vacant unit to restaurant operator to provide a fully let property.
- Created a unit in the basement, which has not been previously occupied, and currently under offer to leisure operator.
- Commercialising the courtyard space and increasing visibility and marketing of the property to the wider public.
