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Anderson House Breadalbane St
24,392 SF 84% Leased Office Building Edinburgh EH6 5JR $3,992,396 ($164/SF) 9.21% Cap Rate
Investment Highlights
- Running yield becomes 12.57% by letting the already refurbished ground floor at £16 psf.
- The building offers longer term alternative use options including residential, serviced apartments or student housing subject to planning
- 10 minutes’ walk from two new tram stops at Balfour St and Foot of the Walk
- Opportunity to increase rents following a planned common part refurbishment.
- 81.43 % of the income is secured with The Scottish Ministers
- Located a few minutes’ walk from the Shore area of Leith
Executive Summary
contract and exclusive of VAT. This is a low capital rate of £129.14psf and a net initial yield of 9.21% rising to 12.57% on letting the ground floor suite at £16psf.
Property Facts
Amenities
- Courtyard
- Raised Floor
- Accent Lighting
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Anderson House comprises a modern, purpose built, high quality office building set over 6 floors with secure undercroft car parking. The building benefits from high levels of natural lighting & will have new LED light fittings throughout the suite. Built in 2002, the building is of steel frame construction clad externally in a mixture of wood panelling, brick, glazing and aluminium cladding. The suite is to be refurbished and will provide an exceptional Grade A quality, open plan office available for occupation in 2021.
| Space | Size | Space Use | Condition | Available |
| Ground | 1,600-3,917 SF | Office | Shell Space | Now |
Ground
| Size |
| 1,600-3,917 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
Ground
| Size | 1,600-3,917 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Anderson House comprises a modern, purpose built, high quality office building set over 6 floors with secure undercroft car parking. The building benefits from high levels of natural lighting & will have new LED light fittings throughout the suite. Built in 2002, the building is of steel frame construction clad externally in a mixture of wood panelling, brick, glazing and aluminium cladding. The suite is to be refurbished and will provide an exceptional Grade A quality, open plan office available for occupation in 2021.
-
James Metcalfe -
Stephen Kay -
CuthbertWhite
Learn More About Investing in Office Space
Presented by
Anderson House | Breadalbane St
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