The property comprises a 26,894 sq. ft. Grade A office building in Edinburgh’s financial services district, close to the EICC and the newly redeveloped Haymarket railway station.
The property was acquired by Ediston in October 2014, for £6.25m, reflecting a net initial yield of 8.08%. The property was 100% vacant, but benefited from a rental guarantee.
- Let asset to one tenant.
- Secured Capital Business Services Limited on a new 15 year lease.