West Harbour Road, Edinburgh, EH5

Highly reversionary freehold ground lease investment

2.63 acre site including 42,473 sqft industrial/storage warehouse & ancillary office space
Let to Penbrook Properties Ltd circa 46 years unexpired at a passing rent of £54,537 p/a
Subject to 21-yearly reviews to the value of the open market rental of the vacant site, next rent review due 28th Nov 2033, which based on current rental values would take the rent to in excess of £80,000 per annum
Penbrook have sub-let the premises to Pickford Removals at a passing rent of £222,500 per annum, demonstrating a high reversionary potential
Significant medium-term development potential in a prime Edinburgh waterfront location

Location:
62A West Harbour Road, Edinburgh EH5 1PW
Prime position with main road frontage
Significant new build developments adjacent
12 minutes drive from Edinburgh City Centre
Granton Harbour is 1.5 miles from the Newhaven tram terminus

Other information:
Major redevelopment in the local area, £1.3bn regeneration project including 3,500 new homes, new marina & hotel

Availability
Available for purchase upon completion subject to conclusion of all legal formalities.

Price
Price on application

Legal & Professional costs
Each party shall be responsible for their own costs; the purchaser shall be responsible for registration dues, stamp duty, VAT and any other expenses incurred.

Viewing
For appointments to inspect and any other information please contact the owner's agent directly:
PIP Asset Management LLP.