Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Property unavailable

This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings.

Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us.

If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com

If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email.

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

26,223 Sq Ft / Industrial

Withdrawn - Last updated: 05 October 2020

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%.

Location

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


Email me updates about similar new properties


Show similar properties

Contact agents

Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.