1a, Parliament Square, Edinburgh, EH1 1RF

Unique Investment / Development Opportunity in the heart of Edinburghs Old Town
Investment Summary1A Parliament Square, Edinburgh, EH1 1RF Unique Investment / Development Opportunity in the heart of Edinburgh’s Old Town
JLL is pleased to attached marketing details for the sale of 1A Parliament Square, Edinburgh.
Full information is enclosed together with the salient details listed below:
• 1A Parliament Square provides an opportunity to acquire a substantial property located in the heart of Edinburgh’s Old Town.
• Category A listed and provides a NIA of 9,610 sq ft (GIA of 23,914 sq ft) with accommodation arranged over basement, lower ground, ground and three upper floors.
• Fully let to The City of Edinburgh Council on a lease expiring 24 January 2022.
• The current passing rent is £395,261 per annum. A further RPI linked review is due on 25 January 2017 with a minimum uplift to £458,215 per annum.
• Heritable interest (Scottish equivalent of English Freehold).
• Future redevelopment potential, subject to planning.
Offers are sought in excess of £5,000,000 (Five Million Pounds Sterling) for our client’s Heritable interest, subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 8.64% exclusive of purchaser’s costs of 6.11%, assuming the rent is topped up to £458,215 per annum.
If you require any further information please contact Chris Macfarlane or Colin Campbell.

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