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Street view

Princes Exchange/New Uberior House, Earl Gray Street, Edinburgh, EH3 9AQ

158,501 Sq Ft / Offices

Withdrawn - Last updated: 30 April 2020





·        
Landmark city centre HQ
office investment.

·        
Two adjoining Grade A
office buildings providing a total of 14,725 sq.m. (158,501 sq.ft.) with
ancillary retail and a 175 space basement car park.

·        
Island site providing
excellent natural light and aspect over the city.

·        
Both properties let in
their entirety to the Bank of Scotland plc, a wholly-owned subsidiary of the
Lloyds Banking Group.

·        
FRI leases, expiring on
17th December 2025 (approximately 12.25 years remaining).

·        
Current annual rental
income of £4,110,274 per annum, exclusive of VAT, equating to £258.34 per sq.m.
(£24 per sq.ft.) on the offices and £1,750 per car space.

·        
Rent review geared to prime
office rents, providing strong reversion potential at December 2015 review.
 Prime city centre rents currently £30 per sq.ft.

·        
Significant Capital
Allowances are available.

·        
Heritable interest
(Scottish equivalent of English Freehold).

Location

Princes Exchange/New Uberior House, Earl Gray Street, Edinburgh , EH3 9AQ, Midlothian, Scotland

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