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Atria One & Two, 144 Morrison Street, Edinburgh, EH3 8BE
202,352 Sq Ft / Offices
Withdrawn - Last updated: 30 April 2020
Investment Summary
Situated directly adjacent to the acclaimed Edinburgh International Conference Centre.Newly constructed in 2013 to the highest Grade A specification achieving BREEAM "Excellent" ratings.Total net internal floor area of 18,799.13 sq.m (202,352 sq.ft).Multi-let on FRI leases to blue chip tenants including PwC, UK Green Investment Bank plc, Brewin Dolphin, Alliance Trust plc, AON, Law Society of Scotland, EICC and the City of Edinburgh Council.Annual rental income of 5,988,330 (subject to guarantees).Income weighted unexpired lease term of 16.15 years to expiry and 14.21 years to breaks (excluding guarantees).67.8% let by floor area. A rent, rates & service charge guarantee is offered over the vacant accommodation.Heritable (Scottish equivalent of English Freehold) Interest.
Offers in excess of 100,000,000, exclusive of VAT, reflecting a net
initial yield of 5.63%, after deduction of purchaser's costs of 6.29%.
Location
Atria One & Two, 144 Morrison Street, Edinburgh , EH3 8BE, Midlothian, Scotland
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