7 Lochside View - Edinburgh Park
Lochside View 7, Edinburgh, City of Edinburgh, EH12 9DH, UK
12 582 000 $ | 5 590 mètres carrés
Description de l'actif
- Edinburgh is the capital city of Scotland and one of the fastest growing cities in the UK.
- The city is a global tourist destination and thriving commercial centre.
- Edinburgh's office market is characterised by critically low supply levels and robust demand, driving rental growth.
- Edinburgh is one of the best performing hotel markets in Europe - with RevPar growth of 18% over the last 12 months to July 2024.
- Capital House is located in a high profile, prominent position at the heart of Edinburgh’s Exchange District – the city’s main financial and commercial hub.
- Landmark office building, extending to 54,460 sq ft (NIA) across ground and five upper floors.
- A positive pre-application planning meeting established potential to extend and refurbish the building to provide approximately 87,090 sq ft (NIA) via the addition of two new storeys and an extension to the rear.
- There are 36 designated car parking spaces.
- Specification includes VRF air-conditioning throughout, full raised access floors, three 13-person passenger lifts and a landscaped courtyard to the rear.
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Attributs
Prix demandé
23 367 000 $
Stratégie d'investissement
Ajout de valeur
Superficie du bâtiment nette
5 059 mètres carrés
Occupation
100 %
WAULT
1 années
EPC
Grade A
Média
Points forts de l'investissement
- Fully let to two high quality tenants – The Bank of New York Mellon and The Scottish Ministers.
- Lease expiries aligned to 31st August 2027 with annual break options.
- Full vacant possession guaranteed by 1st September 2026.
- Total passing rent of £1,249,401.50 per annum - equating to a low rate of £20.96 per sq ft.
- Outstanding opportunity to complete a high quality refurbishment or redevelop for a number of alternative uses.
- EPC 'A' Rating.
- Heritable Tenure (Scottish Equivalent of English Freehold).
- We are instructed to seek offers in excess of in excess of £13,000,000 (Thirteen Million Pounds Sterling) for our client’s Heritable interest in the property, subject to contract and exclusive of VAT. A purchase at this level would produce a net initial yield of 9.01% and a capital rate of £238.78 per sq ft, assuming purchasers costs of 6.64%.
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Capital House - Edinburgh (0 Propriétés)
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Dernière mise à jour
5 déc. 2024
