£12.600.000
Confirmation
Refurbished Grade A office building
Property Details
Broker
For sale
80,000 sq.ft.
7,432 m²Leasable area
157 £/sq.ft.
1,695 £/m²11.12 %
Freehold
Fees
Investment Overview
Opportunity to acquire the heritable interest (Scottish equivalent of English freehold) of a refurbished, Grade A office building of just over 80,000 sq ft, in the heart of South Gyle Business Park. A strategically positioned business destination, offering excellent connectivity and a strong and diverse income profile - with tenants including Fujitsu Services, Aptia and Bupa. Over £7m of capex spent since 2020 on creating a highly desirable office, reflected in strong tenant demand. Most active building in West Edinburgh with 14 new lettings in the last five years. Secured 40% of all lettings in the last five years in West Edinburgh. The building has sustained a period of robust rental growth of more than 8% since 2021.
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