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Verdant 2 Redheughs Rigg 80,000 SF 84% Leased Office Building Edinburgh EH12 9DQ $23,416,804 CAD ($292.71 CAD/SF)
Investment Highlights
- Over £7m of capex spent since 2020 on creating a highly desirable office, reflected in strong tenant demand
- Secured 40% of all lettings in the last five years in West Edinburgh
- Most active building in West Edinburgh with 14 new lettings in the last five years
Executive Summary
Verdant poses the opportunity to acquire the heritable interest (Scottish equivalent of English freehold) of a refurbished, Grade A office building of just over 80,000 sq ft, in the heart of South Gyle Business Park.
The vendor seeks offers in excess of £12,600,000 (twelve million and six hundred thousand pounds) exclusive of VAT. This reflects a net initial yield of 11.12%, assuming purchaser’s costs based on LBTT.
The vendor seeks offers in excess of £12,600,000 (twelve million and six hundred thousand pounds) exclusive of VAT. This reflects a net initial yield of 11.12%, assuming purchaser’s costs based on LBTT.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
80,000 SF
Building Class
B
Year Built/Renovated
1991/2021
Price
$23,416,804 CAD
Price Per SF
$292.71 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
17,500 SF
Slab To Slab
9’
Building FAR
0.64
Lot Size
2.88 AC
Parking
210 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Fitness Center
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Accent Lighting
- Energy Performance Rating - A
- Car Charging Station
- Bicycle Storage
- Demised WC facilities
- Direct Elevator Exposure
- Natural Light
- Secure Storage
- Shower Facilities
- Drop Ceiling
- Wi-Fi
- Air Conditioning
- Fiber Optic Internet
- Raised Floor System
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
West Wing - Ground Floor (Part 5)
West Wing - Ground Floor coming soon. The space comprise of 1,722 square feet of office space.
North Wing - 1st Floor (Part 2)
West Wing - 1st Floor
| Space | Size | Space Use | Condition | Available |
| Ground-Ste West Wing | 1,421 SF | Office | Full Build-Out | Now |
| Ground-Ste West Wing | 1,722 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste North P2 | 4,650 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste West Wing | 6,725 SF | Office | Full Build-Out | Now |
Ground-Ste West Wing
| Size |
| 1,421 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ground-Ste West Wing
| Size |
| 1,722 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste North P2
| Size |
| 4,650 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste West Wing
| Size |
| 6,725 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Ground-Ste West Wing
| Size | 1,421 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
West Wing - Ground Floor (Part 5)
Ground-Ste West Wing
| Size | 1,722 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
West Wing - Ground Floor coming soon. The space comprise of 1,722 square feet of office space.
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste North P2
| Size | 4,650 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
North Wing - 1st Floor (Part 2)
1st Fl-Ste West Wing
| Size | 6,725 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
West Wing - 1st Floor
1 1
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Verdant | 2 Redheughs Rigg
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