The subjects comprise two adjacent industrial units with offices located to Bankhead Crossway South and a yard and parking to Bankhead Terrace.
Location
The subjects are well located within Sighthill Industrial Estate. Both units benefit from frontage to Bankhead Crossway South and Bankhead Terrace.
Sighthill is one of Edinburgh’s busiest industrial locations and is strategically located approximately 4 miles to the west of the city centre, close to Edinburgh Park, The Gyle Shopping Centre, Hermiston Gait Retail Park and South Gyle Industrial Estate.
Sighthill benefits from excellent communication links with easy access to the city centre via the A71, which connects to the A720 City Bypass and M8 and Scotland’s main motorway network beyond. Edinburgh Airport is situated approximately 10 minutes drive from the property.
South Gyle and Edinburgh Park Railway Station are within close proximity, whilst the Tram stop is located a short walk away from the units.
Accommodation
Unit 6 - 8,859 sq ft
Unit 8 - 8,856 sq ft
Terms
Tenure - Outright ownership. Scottish equivalent English feuhold.
Proposal - We are instructed to seek offers in excess of £XXX for the benefit of our client’s outright ownership interest. A purchase at this level reflects a net initial yield of 7.05% allowing for purchaser’s costs and LBBT. The reversionary yield, assuming the break is not exercised, would push the return to 8.14%.
Legal Expenses - Each party to bear their own legal costs in connection with this transaction.
VAT - VAT has been elected and therefore it is anticipated that the transaction will be treated by way of a transfer of a going concern
Specification
- Situated in Edinburgh’s principal industrial/trade location.
- Combined rental of £XXX per annum
- Offers over £XXX
- Net Initial Yield 7.05%
- Reversionary Yield 8.14% after 3 years
- Low Capital Value of £XXX/sq ft
- We are instructed to seek Offers in excess of £XXX (ONE MILLION ONE HUNDRED AND FIFTY THOUSAND POUNDS) for the benefit of our client’s outright ownership interest.