office
Ref 16471

6 Logie Mill

Beaverbank Business Park
EH7 4HH Edinburgh

To buy£595,000
Size2,909 ft² / 270 m² (approx. 27 desks)
Initial yield7%

Description

Long Income Office Investment Opportunity

Investment Summary

  • Long income office opportunity located Edinburgh, Scotland’s capital city;
  • Single let office property in an established business park location in proximity to the city centre.
  • Self contained, modern ground floor office extending to 2,909 sq ft (270.24 sq m);
  • Let to AH & Co Ltd until 14th June 2029 at a current passing rent of £40,000 per annum which equates to £13.75 per sq ft;
  • There are five yearly upward only, open market rent reviews with the next review due on 15th June 2024;
  • Heritable tenure (Scottish equivalent of English Freehold).

Offers in excess of £565,000 (Five Hundred and Sixty Five Thousand Pounds Sterling) are sought for our client’s heritable interest in the property, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 6.75% assuming purchaser’s costs at 4.76%.

Energy rating

Energy rating C

Location and Transport