This is a rare opportunity to acquire a fully fitted suite in one of Edinburgh’s premier business addresses.
The available accommodation is located on the ground floor and accessed via the main reception at 1 Exchange Crescent. The common parts of the building have recently been extensively refurbished including the reception, WCs, decarbonisation works and the installation of new ‘end of trip’ facilities within the basement area of the building.
The ground floor suite was fully fitted out in 2022 to a very high standard, providing a an open plan space comprising a mix of fixed and agile working areas, welcome area, 2 client meeting rooms plus informal meeting spaces, project area, break out space and wellness room.
Location
Exchange Crescent is a prominent office building in the heart of Edinburgh’s Exchange District, a key business destination in the City Centre.
The building is close to Lothian Road, Princes Street and Morrison Street, so there is a wide variety of retailers, cafés, bars and restaurants in the locale. Haymarket and Waverley train stations are within a 10 minute and 20 minute walk respectively. The ‘West End’ tram halt is only 7 minutes away while there is plethora of local and national bus services which stop along Lothian Road, Princes Street, Shandwick Place and Queensferry Street.
Accommodation
Size - 6,254 sq ft (581 sq m)
Terms
Lease terms - The suite is currently held on a FRI lease until 8th July 2031. There is a tenant only break option on 26th January 2027. EYCO are therefore looking to assign or sub-let the accommodation on behalf of the existing tenant.
Rent - The current passing rent is £155,108 per annum (£24 per sq ft plus £2,500 per car space).
There is a rent review in January 2027.
Business Rates - The current Rateable Value for the subject suite is £151,055 resulting in a current annual rates liability (2024/25) of £84,409. However, we recommend all interested parties make their own enquiries with the Lothian Valuation Joint Board in this regard.
Service Charge - A service charge will be applicable for the maintenance, upkeep and running of the common parts of the property. The lease has the benefit of an existing cap which is currently based of £9.08 per sq ft.
Specification
Building:
- Heating & cooling provided by new 4-pipe fan coiled air conditioning throughout
- Raised access floor (140 mm void) with floor boxes
- LED lighting
- Shared male, female & disabled WC facilities on each floor
- 100% renewable electric tariff
- New building app for tenants
- Secure car and bike parking in the basement
- New shower and changing areas have been installed
- Staffed building reception, equipped with secure speed gates
- EPC ‘A’ rating
The Suite
The suite is currently fitted out with the following:
- Welcome area/reception
- 2 meeting rooms
- Staff café/townhall area
- Currently equiiped with 36 fixed desk spaces & 30+ agile/hot desks
- Collaboration/project space
- 5 meeting booths/pods
- Comms room
- Cat 6 network cabling throughout
- Wellness room
- 2 stores + various staff lockers
- 1 dedicated WC
- In addition, there are two secure car parking spaces.