North & South Buildings 2 Office Properties in Penicuik

Offers are invited for the sale of the 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 from the north building to the south building taking a 10 year leaseback with 5 year tenant only break option on 6 months’ notice at an annual rent of £130,000 /£15.29 sq ft on the multi let Net Internal Area of 8,497 sq ft. There will be fixed rental uplift after 5 years to £140,000 / £16.48 sq ft. A schedule of condition will be appended to the lease. The North Building is arranged in two wings, north and south in an approximately L-shaped layout. The wings are single storey and connect at a two storey reception block. The roof incorporates a large roof light forming a double height atrium internally. The building line to the front (west) is recessed with the roof projecting beyond providing a sheltered entrance concourse.
The main entrance to the south building is in its western gable, where the recessed building line forms a sheltered overhang beneath the first floor. There is full height glazing to the south of the entrance lobby.