Citibase
1-3, St. Colme Street, Edinburgh, EH3 6AA

City Centre Office Investment Opportunity with Future Redevelopment Potential
Investment Summary
1-3 St Colme Street provides an opportunity to acquire a substantial Georgian townhouse in the centre of Edinburgh's New Town;
Edinburgh is Scotland's capital city as well as being a key financial and administrative centre;
St Colme Street is situated within Edinburgh's West End business district and offers a prestigious town house address;
Category A listed and provides 16,677 sq ft of accommodation over lower ground, ground and three upper floors;
Fully let to Citibase Plc (Dun and Bradstreet 2A1), expiring 26th October 2024;
The current passing rent of £XXX per annum which equates to £XXX per sq ft (taking reception at a half rate). Further open market review due on 27th October 2019;
Heritable interest (Scottish equivalent of English freehold);
Future redevelopment potential, subject to planning.

Offers are sought in excess of £XXX for our client’s heritable interest in the property, reflecting a very attractive net initial yield of 7.51% and a low capital value of £XXX per sq ft.
Please contact Colin Campbell or Janey Douglas for further information.
 
Accompanying sale - JLL has also been instructed by the same vendor to market another serviced office let to Citibase Plc in Swallowfield, Reading.
 
 

Location