SOLD - Let until 8 April 2040 (18.25 years term certain) - 5 yearly RPI linked rent reviews (1% collar & 3% cap p.a.) - 86,922 sq ft - Let to National Timber Group Topco Ltd t/a Thornbridge Sawmills - Rent of £388,261 p.a. (£4.47 psf)
SOLD - Prime Long Income Retail Warehouse Investment - Let to B&M Retail Limited until 7 February 2031 providing 12 years term certain income - o/o £4.57m / 6.50% NIY.
In Town Multi Let Industrial & Trade Counter Investment - 67,816 sq ft - Fully Let - WAULT of 7.03 yrs - Total Rent of £310,318 p.a. (£4.58psf) - o/o £4.161m / 7.00%
SOLD - Single Let Industrial Investment - 37,169 sq ft - Let to ASC Scotland Ltd with guarantee from The Artisinal Spirits Company PLC - 9.90 years term certain income - Passing rent of £255,000 p.a. (£6.86 psf) - o/o £3.83m / 6.25%
SOLD - Multi-let retail warehousing within the City of Edinburgh. Fully let to 4 tenants at a low average passing rent of £11.18 per sq ft. 24,787 sq ft. Strong WAULT of 7.5 years. o/o £3.10m / 8.48%
SOLD - Extends to 12,172 sq ft - Let to Sainsbury's Supermarkets Ltd until 31 May 2030 with RPI linked rent review in May 2025 - Passing rent of £229,595 p.a. - o/o £3.085m / 7.00% NIY
100% PRIME RETAIL UNIT - TO LET / MAY SELL - CORNER OF GEORGE STREET AND CASTLE STREET
Prime Motor Trade Investment - Modern commercial vehicle dealership - Generous 2.25 acre site and 15,135 sq ft accommodation - 11% site coverage - Let to Clark Commercials until 01 September 2033 (no breaks) - Rent of £160,000 p.a. (£10.57 psf) - o/o £2.508m / 6.00% NIY
SOLD - Landmark Redevelopment Opportunity
SOLD - Prime Inner City Industrial Investment - Extends to 27,409 sq ft - Annual rent of £164,750 p.a. rising to £181,844 p.a. in March 2021 - WAULT of 9.47 yrs - o/o £2.40m / 6.46% NIY, rising to 7.13% in March 2021
SOLD - Reversionary Multi-Let Trade Park Investment - Modern multi-let terrace extending to 22,482 sq ft - Total passing rent of £160,325 p.a. - WAULT of 5.11 yrs (4.41 to breaks) - o/o £2.32m / 6.50% NIY
Long Income Roadside Investment - Located in Edinburgh city centre - Modern tyre & exhaust centre extending to 10,530 sq ft - Let to Kwik-Fit until 30 September 2034 (no breaks) - Rent of £115,577 p.a. - o/o £1.95m / 5.58% NIY