Alba Campus, Livingston, EH54 7EG

On behalf of the Joint Administrators of Livingston No 1 Limited, we are delighted to bring to the market for sale this high profile business park investment and development opportunity. 
Full information is contained within the marketing particulars which are attached and we would highlight the following salient points: 
Alba Campus is an established landscaped business park located within Livingston, administrative centre for West Lothian. 
The campus comprises: 
The Alba Centre: 2,639.17 sq.m (28,408 sq.ft)The Alba Business Pavilions: 2,920.13 sq.m (31,432 sq.ft)Systems House: 3,294.85 sq.m (35,466 sq.ft)Integration House: 2,374.83 sq.m (25,563 sq.ft)Development Land: 5.4 Ha (13.5 acres) 
• Heritable interest (Scottish equivalent of English Freehold). 
• Net operating income after deduction of irrecoverable costs of £328,518 pa (assuming 10% empty rates allowance). 
• A weighted unexpired term of 5 years to expiry and 1.72 years to break spread across the entire Campus. 
• 40% vacancy (by floor area) offering significant opportunity to improve income return. 
• Opportunity to sell on individual properties to occupiers or investors. 
• Future development opportunities on sites totalling 13.5 acres, with planning consents and potential for change of use. 
Offers are sought in excess of £3,000,000 exclusive of VAT, for the campus including the development land.  Assuming purchaser’s costs of 5.8%, this reflects a net initial yield of 10.35% (based on net income), potential reversionary yield of 38.77% and a low capital value of £25 per sq.ft.

Location