11 St Ninians Drive, Edinburgh .

Property Details
For Sale

Property Address

Industrial Investment
11 St Ninians Drive

EH12 8AJ
Property Type Investment
Property Size 8,626 sq. ft.
Date Listed March 8, 2018

Property Actions

Property Description

Executive Summary:
• Rare opportunity to acquire an industrial investment in Edinburgh;
• Fantastic future development potential (subject to planning);
• Low passing rent of £30,000 per annum (£3.47 per sq ft);
• Low capital value rate of £46.37 per sq ft;
• Strong asset management potential;
• ERV of £43,130 per annum (£5 per sq ft)
• We are instructed to seek offers in excess of £400,000 (FOUR HUNDRED THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would show an attractive net initial yield of 7.22% and a reversionary yield of 10.38% after allowing for purchasers’ costs of 3.86% including LBTT (Land Building and Transactions Tax).

About the Location

Edinburgh is the capital city of Scotland, located approximately 400 miles north of London and 45 miles east of Glasgow. It is one of the six cities categorised by PMA as a major city and, consequently, benefits from a significant catchment population. Road communications are excellent with the M90 located to the north, the M8 and M9 to the west and the A1 trunk road to the south which provide links to all major cities in the UK. The city is well served by the rail network, with direct and frequent services to London (Euston and Kings Cross) and Glasgow with fastest journey times of approximately 4 hour 50 minutes and 51 minutes respectively. Edinburgh also benefits from one of Britain’s fastest growing airports, providing both domestic and international flights.

The subject premises are located on the west side of St Ninian’s Drive, which is a continuation of St Ninian’s Road in a predominantly residential location close to the junction of St John’s Road to the south. St John’s Road (A8) is a vibrant retail thoroughfare situated in the heart of the affluent Edinburgh suburb of Corstorphine and acts as a continuation of Glasgow Road and Corstorphine Road which provides direct links from Edinburgh’s City Centre to the East and the City Bypass & Scotland’s Motorway network to the west. Nearby occupiers include MH Autos, Magnet, Corstorphine Bed Company, Neilsons Solicitors and Inglis Vets.

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