Description

Rarely available, trade counter/light industrial estate in one of the UK’s leading regional cities.
Edinburgh provides one of the most supply constrained industrial markets in the UK, with a current vacancy rate of approximately 4.0%.
Robust occupier demand continues to drive rental growth, showing a 5.5% year-on-year increase and 19.4% over the past three years.
Strategically located 4.5 miles southwest of Edinburgh city centre within the prime industrial location of Sighthill.
Easy access to the City of Edinburgh Bypass (3-minute drive), the M8 motorway (4-minute drive), and Edinburgh Airport (9-minute drive).
The estate comprises six modern trade counter units extending to a total GIA of 30,722 sq ft.
Site area of approximately 1.9 acres (0.77 hectares), reflecting a site cover of 37%.
Communal yard recently resurfaced at a cost of approximately £200,000.
Heritable Interest (Scottish Equivalent of English Freehold).

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Caractéristiques de l'actif

Prix attendu

5 283 000 €

Net Initial Yied

6.51%

Reversionary Yield

8.01%

Surface de l'actif brut

2 854 m²

Occupation

100 %

WALT

3.54 années

Sighthill is Edinburgh’s most sought-after industrial location, where prime rents have reached £17.50 per sq ft.
The estate is fully let to a diverse mix of established and highly committed tenants, at a passing rent of £312,281 per annum, reflecting a rate of £10.16 psf.
Estimated rental value of £384,025 per annum (£12.50 psf).
WAULT of 3.54 years to expiry and 2.04 years to break.
Significant asset management opportunities with 58% of the headline rental reversion accessible within the next 2.5 years.
Robust occupational demand and critical supply shortage provide strong fundamentals for continued rental growth.