1 Carmichael Place Edinburgh EH6 5PH

1 Carmichael Place
Edinburgh
EH6 5PH

Heritable Multi Let Modern Office Investment

  • Located close to Edinburgh City Centre
  • Modern office building in a mixed use area
  • 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
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Multi Let Modern Office Investment

  • Located close to Edinburgh City Centre
  • Modern office building in a mixed use area
  • 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
  • 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.

Tenancy & Accommodation

Floor Unit Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground Floor 1 Office
54.44 sq m
(586 sq ft)
CLAN GORDON LIMITED From 20/06/2011
(1) (holding over)
£6,000  
Ground Floor 1a Office
28.98 sq m
(312 sq ft)
CLAN GORDON LIMITED 1 year from 01/01/2016 (1) £3,120 31/12/2016
First Floor 2 Office
99.21 sq m
(1,068 sq ft)
CHANGEWORKS
RESOURCES FOR LIFE
11 years from 18/09/2009 £16,050 17/06/2020
First Floor 3 Office
99.40 sq m
(1,070 sq ft)
CHANGEWORKS
RESOURCES FOR LIFE
11 years from 18/09/2009 £13,900 17/06/2020
Second Floor 4 Office
99.59 sq m
(1,072 sq ft)
DEUTSCHE WINDTECHNIK
LIMITED
4 years from 03/06/2013 (2) £11,000 14/05/2017
Second Floor 5 Office
99.31 sq m
(1,069 sq ft)
CHANGEWORKS RESOURCES
FOR LIFE
6 years from 13/01/2014 £13,920 12/06/2020
Third Floor 6a Office
32.05 sq m
(345 sq ft)
EUPHORION COSMETICS
LIMITED
1 year from 15/02/2016 £4,200 14/02/2017
Third Floor 6b Office
54.34 sq m
(585 sq ft)
CONNECT COMMUNICATIONS
PUBLICATIONS (SCOTLAND)
LIMITED
4 years from 16/09/2015 £7,000 10/01/2019
Third Floor 7a Office
23.87 sq m
(257 sq ft)
CSQ
CONSULT LIMITED
3 years from 16/11/2015 (3) £3,125 18/06/2018
Third Floor 7b Office
55.64 sq m
(599 sq ft)
CSQ
CONSULT LIMITED
6 years from 18/06/2012 (3) £6,900 18/06/2018
Fourth 8 Office
99.40 sq m
(1,070 sq ft)
SIEMENS PLC (4) 5 years from 29/01/2016 £11,000 28/01/2021
Fourth 9 Office
98.66 sq ft
(1,062 sq ft)
WARM WORKS SCOTLAND LLP 5 years from 03/05/2016 £13,900 02/05/2021
Total    
844.89 sq m
(9,095 sq ft)
    £110,115  

(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.

Property Documents

  • Site Plan
    Updated Date
    12.11.19
    File Size
    45 KB
    View PDF
  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Whitlaw Baikie Figes 81 St Vincent Street
Glasgow
G2 5TF
+44 (0)141 204 3335
Gavin Anderson +44 (0)141 221 6161gavin@wbf.co.uk
Seller's Solicitors
Leslie Wolfson & Co. Solicitors 19 Waterloo Street
Glasgow
G2 6BQ
Andrew McCowan 0141 226 4499amcc@lesliewolfson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now