Strathallan House, Castle Business Park, Stirling, FK9 4TZ

Full information is contained within the marketing brochure, however, we would draw your attention to the following key points:-• Located in Stirling at the heart of Scotland’s Central Belt, in close proximity to the M9 motorway, adjacent to Junction 10.• Situated on the highly attractive and successful Castle Business Park.• The property will provide a new office for The Scottish Environmental Protection Agency (SEPA).  It will be let in its entirety to The Scottish Ministers on Full Repairing and Insuring terms for a period of 15 years from a target date of 1st August 2014.  • An existing tenant (Keep Scotland Beautiful) is being relocated from Strathallan House to provide the full property to SEPA.  The relocation is to the adjacent office building, also within our client’s ownership, which is currently being fitted-out for Keep Scotland Beautiful.  Full vacant possession being provided to SEPA on completion of these fit-out works.  SEPA have taken early entry under licence to part of Strathallan House to commence their fit-out.• Modern high quality office that was constructed in 2007.• The property extends to a net internal area of 28,398 sq.ft (2,638 sq.m) plus 101 car parking spaces, providing an excellent ratio of 1:273 sq.ft.• The initial rent is £280,000 pa, equating to a rate of £10.00 per sq.ft.• The rent is subject to five yearly rent increases, fixed at £316,794 in year 5 (£11.33 per sq.ft) and £358,424 in year 10 (£12.81 per sq.ft).• An electronic dataroom has been set up and interested parties are encouraged to review the documentation.  Access is available upon request.• Heritable interest (Scottish equivalent of English Freehold).We are seeking offers in excess of £3,920,000.  A purchase at this level would provide a net initial yield of 6.75% (assuming purchaser’s costs of 5.80%), and capital rate of £138 per sq.ft.Based on the asking price, the investment will offer the following yield profile:-Years 1-5 - 6.75%Years 5-10 - 7.63%Years 10-15 - 8.64%

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