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The Walled Garden The Walled Garden, Bush Estate 9,510 SF Office Building Penicuik EH26 0SB For Sale
Investment Highlights
- Located adjacent to Edinburgh Technopole and part of the Midlothian Science Zone.
- Buildings owned and occupied by SELECT, SELECT are the trade association for the electrotechnical contracting industry in Scotland - www.select.org.uk.
- Site extends to approximately 3 acres.
- South Building - 9,510 sq ft completed 2010. Multi let.
- Tarmac surfaced car parking for 94 vehicles, including disabled and six electric charging point bays.
- Modern office, lab and training facility. EPC B.
- D&B score 01 - Minimum Risk.
- North Building - 16,577 sq ft completed 2002. Occupied by SELECT.
- Designed by Oberlanders Architects.
Executive Summary
For Sale - Unique Owner Occupier, Sale and Leaseback, Investor/ Developer Opportunity. Offers are invited for the sale of both buildings with the benefit of a sale and leaseback to SELECT over the South Building. An offer may be considered for a sale of the north building on its own. SELECT propose relocating to the south building taking a 10 year leaseback with 5 year tenant only break option at an annual rent of £130,000 / £15.29 sq ft with a fixed rental uplift after 5 years to £140,000 / £16.48 sq ft.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold/Long Leasehold
Building Size
9,510 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,755 SF
Amenities
- Raised Floor System
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cornerstone Business agents
- Real Estate
- 1,721 SF
- -
- -
- Electrical Safety First
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cornerstone Business agents | Real Estate | 1,721 SF | - | - | ||
| Electrical Safety First | Services | - | - | - |
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