Royal Mile newsagent sets Scottish ‘record’

The sale of a newsagent in Edinburgh has set a potential Scottish record for commercial property.
The 258 sq ft premises at 499 Lawnmarket, in the heart of Edinburgh’s Old Town, has been sold to a private investor for £3,871 per square foot.

Ross Wilson, DM Hall’s Head of Agency for the East of Scotland, said: “We believe, subject to final confirmation, that this investment sale has attracted the highest price per square foot ever paid for a commercial property in Scotland.”