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- LoopNet Team
East Market St
Edinburgh EH8 8BG
The Pavilion Building & Arches · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Arches mixed-use development extends to approximately 5,620 sq ft across 15 tenantable, bespoke Arches
- The Arches have a diverse and exciting tenant mix attracting both locals and tourists to the area
- There is a ground lease in place from the City of Edinburgh Council which expires on 30th October 2139 at a passing rent of £1 per annum
EXECUTIVE SUMMARY
Located on the south side of East Market Street in the block bounded by Jeffrey Street to the west and Cranston Street to the east, the Arches from part of the larger New Waverley Development. The surrounding area is a cultural and innovation quarter in the heart of Edinburgh bringing together offices, homes, shops, art and leisure in a buzzing district brimming with activity. HMRC and Edinburgh Council occupy 190,000 sq ft of office space at New Waverley. This makes the surrounding area the most important administrative district in Scotland, due to its close proximity to the Scottish Parliament. Complimenting these occupiers there is a multi storey car park (509 spaces), 4 hotels, a luxury residential development, shops, bars and restaurants already in situation and further investment planned. The renowned Scottish distiller Edinburgh Gin have begun work on the creation of a new distillery and visitor centre, the centre will comprise a 3-storey new build and will also feature a roof terrace with views over Waverley, driving more footfall to the area. The Arches development comprise 15 tenantable Arches, constructed of stone and benefiting from floor to ceiling glazed frontages.
PROPERTY FACTS
| Property Type | Retail | Net Internal Area (NIA) | 23,943 sq ft |
| Costar Property Class | B | No. Floors | 2 |
| Total Plot Size | 0.37 ac | Year Built/Renovated | 1785/2015 |
| Property Type | Retail |
| Costar Property Class | B |
| Total Plot Size | 0.37 ac |
| Net Internal Area (NIA) | 23,943 sq ft |
| No. Floors | 2 |
| Year Built/Renovated | 1785/2015 |
AMENITIES
- 24 Hour Access
