3 Lochside Avenue, Edinburgh Park, Edinburgh, EH12 9DJ

Investment SummaryEdinburgh, a vibrant capital city, is a major financial, administrative, legal and commercial centre. Strong property fundamentals ensure that the city remains a key destination for UK and international investment.HQ office building strategically located on Edinburgh Park, Scotland’s Premier Business Park.84,373 sq ft of Grade A office accommodation is split over 4 levels, allowing further subdivision in the future, with the benefit of 303 dedicated car parking spaces (1:278 sq ft).Let on FRI terms to the excellent covenant of Sainsbury’s Bank PLC, D&B rating of 5A 1, until 29 September 2029, subject to a tenant break option on 29 September 2024.The current passing rent of £XXX per annum equates to a rate of £XXX per sq ft for the office accommodation and £XXX per sq ft on the reception area.Heritable interest (Scottish equivalent of English Freehold).Offers in excess of £XXX (Nineteen Million Pounds) are sought for our client’s Heritable interest, subject to contract and exclusive of VAT.A purchase at this level would provide a net initial yield of 6.31%, after purchaser’s costs of 6.25%, and a capital rate of £XXX per sq ft.

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