South Fort Street Business Park, 20 West Bowling Green Street, Edinburgh, EH6 5PE

South Fort Street Business Park, Edinburgh comprises five industrial units currently let to two national covenants with one vacant unit.The main salient details are as follows:¦ City centre multi-let industrial estate extending to circa 26,223sq ft (2,436.18 sq m).¦ South Fort Street Business Park is located within Bonnington, 2 miles north of Edinburgh’s city centre.¦ Currently let to two national covenants with one vacant unit.¦ The properties have a weighted average unexpired term of 6.33 years to lease expiries, inclusive of a 18 month Rent & Service Charge Guarantee.¦ Opportunities to add value through active asset management.¦ Total current income of £169,838 per annum including the proposed rental guarantee. Our opinion of total MRV is £170,450 per annum.  The subjects are held by virtue of a long ground lease, expiring on 28the February 2120.  The current ground rent is £25,000 pa.Offers in excess of £1.369m are sought for our clients leasehold interest in the property. A purchase at this level would provide a net initial yield of 10.00%, assuming purchaser’s costs at 5.80%, an equivalent yield of 9.65% and a potential reversionary yield of 10.04%.

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