Commercial Property News

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Tuesday, May 02, 2023

Esk Properties sells two units in Edinburgh New Town

Esk Properties has sold the first two ground floor commercial units in the prestigious Edinburgh New Town mixed use development on the corner of Eyre Place and Dundas Street.

Unit 1 has been sold to Kitchens International (KI) for 700,000. KI will be opening a flagship showroom in the 2,800 sq ft unit. Unit 2 (1,900 sq ft) has been sold to Pagoda PR for 460,000 for the relocation of their head office.

Grant Aitken of Esk Properties, commented: "We are delighted to have secured these disposals prior to the completion of the overall development and we are confident that the remaining two units of 1,900 sq ft and 2,400 sq ft will be leased or sold shortly."

"The marketing campaign has been focused on attracting good quality occupiers that compliment the upper floors of the building which consists of 24 luxurious high quality residential flats and penthouses being developed by Applecross."

Donaldsons and King Sturge are acting for Esk Properties in the disposal of the remaining two units.