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Scottish Qualifications Authority
24, Wester , Edinburgh, EH22 1FD

53,973 Sq Ft / Offices

Withdrawn - Last updated: 30 April 2020

OFFICE INVESTMENT WITH 20 YEARS UNEXPIRED GOVERNMENT INCOME
Closing Date : 06/10/2016Investment Summary** CLOSING DATE SET THURSDAY 6TH OCTOBER 2016**

Located to the south east of Edinburgh city centre, Shawfair Park is the largest urban expansion project in Midlothian;
SQA is a Grade A office premises forming part of the commercial phase to the wider Shawfair development;
The property benefits from excellent transport links, being within walking distance to Shawfair Railway Station and having direct access to the city bypass and main Scottish motorway network;
The property is adjacent to Sheriffhall Park and Ride with a further 561 parking spaces and frequent bus services to the city centre;
The property extends to 53,973 sq ft of Grade A office accommodation over 3 floors and benefits from 149 parking spaces (1:362 sq ft);
Leases recently extended until 2036 to provide 20 years unbroken term to the Scottish Ministers at £XXX per annum, with 5 yearly rent reviews;
Heritable interest (Scottish equivalent of English Freehold).

Offers in excess of £XXX are sought for our client’s Heritable interest, subject to subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 6.50%, based on purchaser’s costs of 6.22%.

Location

24, Wester Shawfair, Edinburgh, EH22 1FD, Midlothian, , Scotland


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