Norseman House & Westcott House, Forth Bridges Business Park, Edinburgh, EH30 9QZ

Norseman House and Westcott House comprise two office pavilions located on Forth Bridges Business Park in South Queensferry.The salient details are :- Two modern office pavilions extending to circa 36,140 sq ft (3,357.49 sq m).- Strategically situated on Forth Bridges Business Park adjacent to the A90, approximately 9 miles to the north west of Edinburgh city centre.- The properties have a weighted average unexpired term of 4.86 years to lease expiries and 3.59 years to breaks.- 130 dedicated car parking spaces providing an excellent ratio of 1:278 sq ft.- Opportunities to add value through active asset management.- Total current income of £XXX per annum with our opinion of total market rental value is £XXX per annum.On the instructions of Jason Maloney and Kevin Murphy, joint administrators of Brightsea Sarl, we are seeking offers in excess of £XXXm are sought for our clients heritable interest in the property. A purchase at this level would provide a triple net initial yield of 14.75% assuming purchaser’s costs at 5.80%, an equivalent yield of 11.71% and a potential reversionary yield of 13.01%.

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