Future residential potential (subject to consents)
Occupiers include Siemens Plc, Changeworks and Warm Works Scotland
On-site car parking
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 12
Auction 8th December 2016
Rent £110,115 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1.5 miles from Edinburgh city centre
Roads
B900 (Broughton Road), A1
Rail
Edinburgh Waverley Station
Air
Edinburgh Airport (15 miles to the west)
Situation
Carmichael Place is located to the north east of Edinburgh city centre close to Broughton Road one of the main routes from Leith to the city. The area is predominantly residential but there are a number of mixed uses in the immediate vicinity including trade counter, retail and leisure uses. Carmichael Place is a modern residential and office development.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
1.5 miles from Edinburgh city centre
Roads
B900 (Broughton Road), A1
Rail
Edinburgh Waverley Station
Air
Edinburgh Airport (15 miles to the west)
Situation
Carmichael Place is located to the north east of Edinburgh city centre close to Broughton Road one of the main routes from Leith to the city. The area is predominantly residential but there are a number of mixed uses in the immediate vicinity including trade counter, retail and leisure uses. Carmichael Place is a modern residential and office development.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises a modern office building comprising office accommodation at ground and four upper floors. There are a large number of car parking spaces within the Carmichael Place development to be used by all occupiers. The property may benefit from future residential potential (subject to the necessary consents).
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern office building comprising office accommodation at ground and four upper floors. There are a large number of car parking spaces within the Carmichael Place development to be used by all occupiers. The property may benefit from future residential potential (subject to the necessary consents).
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) RPI linked rent review. There is a two month rolling break option. (2) The seller is holding a £1,170 rent deposit. (3) The lease provides for a tenant option to determine the lease on 18/06/2017. (4) The lease provides for a tenant option to determine the lease on 29/01/2019. Siemens are entitled to 12 months’ rent free if they do not exercise the 2019 tenant option to determine. Note: Interested parties should refer to the legal pack for detail of the repairing obligations for all tenants.
