Commercial Property News

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Wednesday, May 31, 2023

Rosyth Office Space Sells for £4 million

Acting on behalf of Scarborough Development Group, international property consultancy Knight Frank and Redpath Bruce have sold Caledonia House for £4 million, which represents an initial yield of 6.91%.

London and Oriental has acquired the office space, which provides 21,070 sq ft of modern open plan accommodation over two floors. The property is part of Innova Campus which is located within Rosyth Europarc adjacent to the Forth Road Bridge and Rosyth Ferry Terminal. Caledonia House is also within close proximity to the planned mixed use development, Fisher Campus.

The building benefits from a high specification including a suspended ceiling with CAT2 lighting, male/female and disabled toilets, gas fired central heating, kitchen facilities, full raised access floor, 8 person passenger lift and an air conditioning system.

The ground floor is currently let to Governor & Company of Bank of Scotland until May 2010, while the first floor is occupied by the Secretary of State for Defence until July 2017 with a break in 2012.

Roddy Abram, from Knight Frank, said: "We had a lot of interest in Caledonia House as it represented a good investment opportunity. The property is ideally located on the business commuter belt between Edinburgh, Perth and Dundee and with big companies such as HBOS already taking up space in Innova Campus demand for office space in Rosyth looks set to grow."



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