Middle Pier, Edinburgh, EH5

Unique marine/waterfront freehold ground rent investment with significant reversion / development potential

0.98 acre site including 3,380 sqft office/ clubhouse, boatyard, jetty with access to the Eastern Harbour
Let to the Royal Forth Yacht Club circa 59 years unexpired at a passing rent of £18,120 p/a
Subject to 5-yearly reviews to the value of the open market rental of the vacant site, next rent review due 18th Nov 2023


Location:
15 Middle Pier, Edinburgh EH5 1HF
Unique Prime position on Edinburgh's Waterfront
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:
The Royal Forth Yacht Club has been established for over 150 years and is one of the oldest and most respected yacht clubs in the UK
Major redevelopment in the local area, £1.3bn regeneration project including 3,500 new homes, new marina & hotel
The lease contains provision for a Landlord-only break on 12 months notice if certain conditions are met

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.