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Edinburgh – Two High Quality, Government Let Office Buildings

Norseman & Westcott House, Forth Bridges Business Park, South Queensferry, EH30 9QZ

Property Type:
Commercial
Sub Type:
Office
Tenure:
Freehold

Income

£459,309 pa

Description

  • Two high-quality office buildings totalling 36,140 sq ft located in the very heart of West Edinburgh.
  • 68% of income from the undoubted covenant of The Scottish Ministers, operating as NHS24, until 2027 (break 2022).
  • Ideally located just a 10 minute drive to Edinburgh Airport and 8 miles to Edinburgh City Centre, immediately south of the Forth Road Bridge.
  • NHS24 is Scotland’s national telehealth and telecare organisation operating services including Scotland’s 111 and NHS Inform.
  • The property is fully let producing a rental income of £459,309 per annum (£12.71 per sq ft).
  • The remaining 33% of the property is let to strong covenants in their own right, rated as very low risk or below average risk.
  • Located in an area of high development with a number of new projects in construction or completed in the immediate vicinity.
  • The NHS have recently carried out a substantial refurbishment to their first floor offices, demonstrating their commitment to the building.
  • Substantial car park providing 129 car parking spaces with a ratio of 1:280 sq ft and large site area of 1.574 acres (0.637 hectares).