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5 - 11 Earl Grey Street - New Uberior House, Edinburgh, EDH

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New Uberior House - 5-11 Earl Grey Street

Edinburgh, EH3 9BN

(3.3 MB)

Property type:Office Sub Type:- Status:Existing Year built:2002
Floors:6 Typical floor:14,595 sq ft Building size:87,572 sq ft
For sale price:For Sale Price:-
Portfolio:This property is for sale (for £68,500,000) as part of a portfolio of 2 properties. Parking:175 Covered spaces are available; Ratio of 1.99/1,000 SF Amenities:Air Conditioning, Raised Floor, LG3 Lighting

The property comprises a mixed-use building of steel portal frame construction. The property houses retail accommodation at ground floor level with office space comprising the five upper floors.

The property is located within a prominent site on Earl Grey Street which forms part of one of the main arterial routes through the city centre. There is a 120 space car park located at the basement level of the building which is accessed from Reigo Street. Edinburgh has a resident population of approximately 450,000 persons and a catchment in excess of 1 million. The city is Scotland’s capital and Europe’s 4th largest financial centre.

Sale Notes:
The investment comprises Grade A office accommodation in the heart of Edinburgh’s business and financial district.

Offers are sought in excess of £68,500,000 subject to contract reflecting a net initial yield of 6.03% for acquisition of the SPV, assuming purchasers’ costs of 1.80%.

Steven Hendry
0131 243 4196

Steven Newlands
0131 469 7666

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