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4-5 Lochside Av 42,519 sq ft 100% Let 4-Star Office Property Edinburgh EH12 9DJ £11,000,000 (£258.71/sq ft) 9.06% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in prime location of Edinburgh Park, surrounded by leading global occupiers including Aegon, JP Morgan, HSBC, Menzies, and Diageo
- Currently multi-let to Lumcaron Technology Ltd, Pulsant Ltd, and SP Transmission PLC, boasting an impressive average Experian rating of 97/100
- The property has undergone extensive refurbishment by Knight Property Group, an award-winning company in commercial development
EXECUTIVE SUMMARY
Offers in excess of £11,000,000, are invited for the benefit of our clients heritable interest (Scottish equivalent to English freehold) subject to contract and exclusive of VAT. A purchase at this level would provide a very attractive net initial yield of 9.06% and a low capital value of £259 psf assuming purchasers costs of 6.70%.
Produces a passing rent of £1,062,975 per annum, reflecting an average rent of £25 per sq ft.
Attractive unexpired term of 7.55 years to expiries and 4.87 years to breaks.
Produces a passing rent of £1,062,975 per annum, reflecting an average rent of £25 per sq ft.
Attractive unexpired term of 7.55 years to expiries and 4.87 years to breaks.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
42,519 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1996/2021
Price
£11,000,000
Price per sq ft
£258.71
Yield
9.06%
NOI
£996,600
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
14,173 sq ft
Plot ratio
0.31
Total Plot Size
3.10 ac
Parking
234 Spaces (5.5 Spaces per 1,000 sq ft Leased)
AMENITIES
- Bus Route
- Pond
- Raised Floor
- Security System
- Signage
- Wheelchair Accessible
- EPC - B
- Reception
- Car Charging Station
- Bicycle Storage
- Natural Light
- Air Conditioning
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4-5 Lochside Av
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