For Sale - As a Single Lot
Approximately 2,013 sq ft NIA (2,964 sq ft GIA) accommodation extending over basement to second floor Category B Listed attractive sandstone townhouse Excellent location for local amenities, transport links and acess to Edinburgh City Centre Suitable for a range of uses including residential, commercial or serviced apartements
Prime High Street Retail Investment Opportunity
Edinburgh is Scotland's capital city and Europe's 4th largest Financial Centre. Prime retail investment located on Princes Street which boasts Edinburgh's highest footfall with over 12 million people per year. Let to Edinburgh Woollen Mill (D&B Rating 5A1) until 30th April 2028 following a lease extension. Prime retail unit arranged over ground and basement floors extending to a NIA of 3,419 sq ft. Current passing rent of £155,000 per annum which equates to a Zone A rate of 142.73 per sq ft. Rents on Princes Street have recently reached in excess of £250 per sq ft Zone A. Heritable Tenure (Scottish Equivalent of English Freehold).
Offers in excess of £2.75 million are sought for our client's heritable interest in the property, subject to contract and exclusive of VAT.
A purchase at this level would provide a net initial yield of 5.32%, assuming purchaser's costs of 5.95%.
Westfield House offers a detached modern office building which sits on a prominent 1.25 acre site and benefits from 77 car spaces
Westfield House is strategically located approximately 2 miles to the west of the city centre at the western end of the West Approach Road, located between Gorgie Road and Roseburn Terrace. The site sits in a prominent position directly opposite Sainsburys superstore (Murrayfield) to the south and Murrayfield Rugby Stadium to the north. The area is also well served by transport links with a tram stop a short walk and a bus stop with 4 bus routes directly in front of the site.
Floor depth of approximately 15m Clear floor to ceiling height of approximately 2.7m Full metal raised access floor with 150mm clear void Metal suspended ceiling with recessed lighting 2x 10 person passenger lifts
The building extends to the following approximate net internal area:Floor Size (sq.ft.) 2nd Floor 14,737 1st Floor 17,089 Ground 16,788 TOTAL 48,614
With regard to the Edinburgh Local Development Plan (ELDP) (adopted November 2016), the site is located within the ‘urban area’ where development is generally supported, subject to relevant policy considerations including those which relate to design, the impact of development upon the surrounding area and infrastructure, and developer contributions. The site is also located within the Health and Safety Executive consultation zones for the MacFarlane Smith Chemical plant located on the opposite side of Westfield Road. The separation distance between the site and the plant is sufficient to allow most uses, however, potential developers will wish to examine the restrictions associated with the consultation zones.
Extensive Development Opportunity
For Sale - As a Single Lot Attractive Property with Grounds to Rear Site area of 1.48 acres (0.6 hectares) Edge of Edinburgh City Centre Excellent transport links and nearby amenities Wide range of potential alternative uses considered including residential, hotel, student accommodation Closing Date set for Thursday 4 October 2018 at 12 Noon