The North Quarter 496 Ferry Rd 14,831 SF 99% Leased Office Building Edinburgh EH5 2DL $4,112,606 ($277.30/SF) 9.04% Cap Rate
INVESTMENT HIGHLIGHTS
- North Quarter provides contemporary workspace within a peaceful setting while being in easy reach of the core city centre
- Close to all local amenities
- 50 car parking spaces
- Excellent transport links nearby
EXECUTIVE SUMMARY
A unique multi-let office investment opportunity.
Offers in excess of £3.1m exclusive of VAT are sought for the Heritable Interest. Based on the current net income this shows a net initial yield of 9.04 % and capital rate of £209/sqft on a net plus ancillary basis (LBTT and purchasers cost of 6.42% adopted).
Net internal office area to 13,611 sqft plus additional ancillary providing a further 1,220 sqft. Gross Internal area of 20,076 sqft.
Offers in excess of £3.1m exclusive of VAT are sought for the Heritable Interest. Based on the current net income this shows a net initial yield of 9.04 % and capital rate of £209/sqft on a net plus ancillary basis (LBTT and purchasers cost of 6.42% adopted).
Net internal office area to 13,611 sqft plus additional ancillary providing a further 1,220 sqft. Gross Internal area of 20,076 sqft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
14,831 SF
Building Class
C
Year Built
1870
Price
$4,112,606
Price Per SF
$277.30
Cap Rate
9.04%
NOI
$371,780
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,944 SF
Building FAR
0.58
Lot Size
0.59 AC
Parking
50 Spaces (3.37 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Controlled Access
- Fenced Lot
- Metro/Subway
- Restaurant
- Signage
- Skylights
- Kitchen
- Accent Lighting
- Reception
- Roof Terrace
- Car Charging Station
- Central Heating
- Common Parts WC Facilities
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Partitioned Offices
- Plug & Play
- Shower Facilities
- Drop Ceiling
- Outdoor Seating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Yoga studio suitable for small group classes.
All inclusive rent of £395 per month plus vat Includes:- High Speed Secure internet All utilities Desks and chairs (No extra charges) Access to cafe, meeting room, roof terrace and other amenities Allocated parking available (£40 per month) 12 month minimum term contracts
| Space | Size | Space Use | Condition | Available |
| Ground-Ste Yoga Studio | 170 SF | Office | Partial Build-Out | May 2025 |
| 1st Fl-Ste Fraser Suite | 99 SF | Office | Full Build-Out | Now |
Ground-Ste Yoga Studio
| Size |
| 170 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| May 2025 |
1st Fl-Ste Fraser Suite
| Size |
| 99 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
CONTACTS
-
Geoff
Scott
-
Gavin
Willins
