Unit 4 Bankhead Workspace, Edinburgh, EH11 4EP

Availability

For Sale

Price

£500,000

Description

Bankhead Workspace completed in mid 2007 and provides flexible workspace units around a central courtyard. The unit has been created by the redevelopment and subdivision of an existing 1960’s concrete framed production unit. The specification includes three phase power, mains gas, toilet facilities, an electric sectional up and over door, seven allocated car parking spaces and associated visitor and disabled car parking spaces. The unit was utilised as a cutting edge sports science facility but is now Napier’s student printing services and document centre.

Location

Bankhead Workspace is located at Sighthill Industrial Estate which is a long established commercial location within Edinburgh. The Estate is approximately 4 miles west of Edinburgh city centre and benefits from immediate access to the city bypass and the central Scotland motorway network. In addition, the property is situated 3 miles from Edinburgh International Airport and is close to tram, train and bus routes. Retail facilities are also available at nearby Hermiston Gait Retail Park and the Gyle Shopping Centre. Vehicular access to the unit is provided from Bankhead Terrace. Occupiers in the Estate include Francey Joiners & Shopfitters, Artisan Metal Roofing, Edinburgh Car Services, Lothian Plumbing Supplies and Scotshirts Printing & Embroidery.

Key Points

  • Offers sought in excess of £500,000
  • Rent £46,012.50 per annum (£7.50 per sq ft)
  • Net initial yield of 8.81%
  • The unit is let to The Court of Edinburgh Napier University until February 2023, however the tenant has exercised their break option which is effective on 25 April 2021
  • Full repairing and insuring lease

Size

6,135 sq ft (569.00 sq m)