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118 Lothian Road and 3-5 Morrison Street, Edinburgh, EH3 8BG

1

Tenure:

For Sale

Type:

Office

Investment property

Price:

£28,500,000 Offers Over

Size:

4,819 - 81,849 Sq ft

118 Lothian Road and 3-5 Morrison Street is located on the south side of Morrison Street at its junction with Lothian Road to the east and Semple Street to the west.

The property benefits from return frontage to Lothian Road, an established retail/leisure pitch and arterial north to south route through the city and occupies a prominent site within Edinburgh city centre's CBD (The Exchange).

Floors/Units:
Franklin Templeton 56,970 Sq ft
ABC Cinemas Ltd 20,060 Sq ft
Sainsburys Supermarkets 4,819 Sq ft
TOTAL 4,819 - 81,849 Sq ft
Capitalise on the city's dynamic occupational market historically low levels of supply and improving rents.
Imposing building occupying an important corner site in the heart of The Exchange.
56,970 sqft of modern office accommodation constructed in 2003 with additional leisure and retail space.
Fully let to Franklin Templeton Global Investors Ltd, ABC Cinemas Ltd (t/a Odeon) and Sainsburys Supermarkets Ltd.
Total passing rent of £1,969,500 per annum.
Weighted average unexpired lease term of 3.24 years.
Heritable/outright ownership interest (Scottish equivalent of English freehold).
Offers over £28,500,000 exclusive of VAT.
A purchase at this level would reflect a net initial yield of 6.47% allowing for purchaser's costs of 6.76%.

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