North Castle Street, Edinburgh
36 North Castle Street, Edinburgh EH2 3BN
Sector:
Office
Size:
7,273 sq.ft
Tenant(s):
Sutherland Independent
3D Reid
Troup Bywaters & Anders
Advisors:
Cuthbert White (Acquisition)
PMP (Technical Due Diligence)
DCS (Legal Advice)
Acquired from:
Richmond Properties
36 North Castle Street, Edinburgh, EH2 3BN
Investment Rational:
Occupying a prime position in Edinburgh’s city centre, Bellair acquired the Heritable interest of 36 North Castle Street in an off market transaction.
The property comprises an entire Grade A listed Georgian townhouse let to a strong tenant line up. Bellair intends to carry out an extensive refurbishment programme in order to provide high quality office accommodation.
Underpinned by future residential development potential, the site offers longer term capital gain with an immediate cash flow.