27th October 2011 back to news

High Quality Serviced Apartment Investment Opportunity

Springside, 9-13 Brandfiel Street, Edinburgh

Graham + Sibbald, together with our joint agents Jones Lang LaSalle, have been instructed to sell this unique residential investment opportunity within Edinburgh City Centre.

The salient points pertaining to the investment are as follows:-

·        -  Newly developed serviced apartment investment

·         - Well located with Edinburgh City Centre

·         - 60 high quality one and two bedroom apartments extending to 30,865 sq ft

·         - Let in its entirety to Stayedinburgh Ltd. Guaranteed by Staycity Ltd.

·         - Two new 20 year FRI leases

·         - Commencing Rent of £600,000 per annum

·         - 5 yearly annually compounded rent increase to CPI +5% cap or 2% collar

We are instructed to invite offers for the benefit of our clients heritable (freehold) interest.

If you require any further information, or wish to arrange an inspection, please do not hesitate to contact our Les McAndrew or Ross Wilson (0131-240-5311) or our joint agents Jones Land LaSalle.

AMA Springside Brochure.pdf