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Development in Portobello Portobello

7,505 SF 100% Leased Office Building Edinburgh EH15 1ET For Sale

Investment Highlights

  • The subjects are scheduled to complete in 2020
  • Located in the busy commuter town of Portobello to the East of Edinburgh City Centre
  • The office suites will be completed in shell condition for a purchaser to build out as they require

Executive Summary

The subjects comprise a 4 storey commercial building with consent for office use. This will form part of a major mixed-use development with Barratt Homes set to build over 400 homes on the site. On completion, the office building will provide 7,448 sq ft of office space providing approximately 1,860 sq ft on a floor by floor basis. The subjects are scheduled to complete in 2020. The office suites will be completed in shell condition for a purchaser to build out as they require.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
7,505 SF
Building Class
B
Year Built
2021
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,876 SF
Building FAR
3.75
Land Acres
0.05 AC

Amenities

  • Storage Space
  • Bicycle Storage
  • Direct Elevator Exposure
  • Secure Storage

About Portobello , Edinburgh, EDH EH15 1ET

The property forms part of The Barratt Homes development The Strand @ Portobello. The site can be accessed via Fishwives Causeway off Portobello High Street and once the development is complete, will provide a direct link to Sir Harry Lauder Road (A199). The A199 links directly to the A1 motorway and City Bypass providing excellent transport connectivity. Portobello is served by Lothian Buses and East Coast Buses, which together provide eleven services to the area, to and from Edinburgh City Centre and the nearby towns of North Berwick, Tranent and Craigentinny. The subjects benefits from close proximity to Portobello High Street which hosts a variety of national and independent supermarkets, cafes, bars and shops. National occupiers include a large Aldi supermarket, Sainsburys local, La Favorita, Greggs, Bayne’s Bakers , McColls and a Kwik Fit Garage. Independents include Bross Bagels, Guild of Forester’s Bar, Beach House Bakery, Miro’s Pantry, John Williamson Fishmonger, The Portobello Bookshop, Wild Flower florists and Body Beautiful beauty salon. The property also benefits from a short walk to the Portobello Beach and Promenade.

  • Listing ID: 15092860

  • Date on Market: 2019-02-06

  • Last Updated:

  • Address: Portobello, Edinburgh EH15 1ET

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