Offers over £6,800,000 are invited for the heritable interest (Scottish equivalent of freehold), reflecting an attractive net initial yield of 7.50% assuming purchaser’s costs of 6.63%.
Fully let to Popeyes, 10 Europe Limited, Valtech Limited, and Eden Scott Limited, providing a WAULT of 10.12 years to expiry and 4.88 years to tenant breaks.
City centre office supply remains consistently low, with strong demand expected to drive further rental growth in the short to medium term.
Generates a passing rent of £543,569 per annum, with income split 34% retail and 66% offices.