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28 South Gyle Crescent, Edinburgh, City Of Edinburgh, EH12 9EB Image

28 South Gyle Crescent, Edinburgh, City Of Edinburgh, EH12 9EB

For Sale - Under Offer

  • Tenure

    For Sale
  • Type

    Investment
  • Price

    £2,220,000 Offers Over
  • Size

    17,688 Sq Ft
  • Ref No

    11740

Property Highlights

  • Let to UPS Ltd.
  • Creditsafe Rating 100A.
  • Net worth at December 2020 c.£531M.
  • FRI lease subject to a Schedule of Condition.
  • Expiry 13/10/2027 (5.9 years term certain).
  • Passing rent £142,000 per annum (£8.02 per sqft).
  • Rent Review 14/10/2024.
  • Strong prospects for future rental growth.
  • Offers over £2.22M exclusive of VAT.NIY of 6.0% allowing for purchaser's costs and LBTT of 6.28%.

Overview

The subjects offer a rare opportunity to acquire an in-town industrial/distribution investment c.4 miles from Edinburgh city centre with excellent connectivity. South Gyle Crescent is the principal road through South Gyle Industrial Estate, Edinburgh's premier industrial location.

The property itself comprises a stand-alone facility of steel portal frame construction with single skin cladding. A single storey office building is located to the front elevation providing a mixture of open plan and cellular office space with ancillary staff facilities. Additional facilities are also provided at the northern elevation of the property.

The main building provides open plan warehouse space benefiting from approximate eaves height of 8m to 10m. Lighting to the warehouse is provided by translucent roof panels and supplemented by LED lighting. Commercial access is via large commercial doors to the front and rear with separate pedestrian access. The property sits on a large secure site of c.1.17 acres with yard space and car parking for 25 to 30 cars.

UPS Ltd have been in occupation for over 12 months, originally under a short term lease. UPS have been established in the location for over 25 years, also occupying the adjacent property on a lease expiring in 2027. We understand, having now committed to a new lease over the subject property, UPS intend to make a number of tenant improvements in the coming months.

UPS is the worlds' largest package delivery company and a leading global provider of specialised transportation and logistics services. Everyday UPS manage the flow of goods, funds and information in more than 200- countries and territories worldwide.