Watermark, Alba Campus, Livingston, EH54 7HH

Watermark comprises a modern grade A office located in Livingston at the entrance to the highly attractive and successful Alba Campus.The salient details are :• Located in Livingston at the heart of Scotland’s Central Belt and one of the country’s most successful New Towns.• Modern Grade A office that was completed in 2000 and is laid out over three levels around an impressive central atrium.• Highly specified and sustainable office space internally, incorporating passive chilled beam and tempered air displacement ventilation.• The building extends to 101,151 sq.ft (9,397.16 sq.m) of office accommodation plus 508 car parking spaces, providing an excellent ratio of 1:199 sq.ft.• Let to Sky Subscriber Services Limited, Cadence Design Systems Limited and Hay Systems Limited with a weighted average unexpired term of 7.09 years to lease expiries and 2.48 years to breaks.• Total current income of £XXX per annum, reflecting an average rent of £XXX per sq.ft over the offices.• Several asset management opportunities exist including regearing the occupational leases to Sky Subscriber Services Limited and removing the break option to Cadence Design Systems Limited in 2015.• Heritable interest (Scottish equivalent of English Freehold).Offers in excess of £XXX (Eight Million Pounds) are sought for our client's Heritable interest in the property. A purchase at this level would provide a net initial yield of 14.83% assuming purchaser’s costs of 5.80%, and a low capital rate of £XXX per sq.ft.

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