Thursday, September 07, 2023
Knight Frank closes two Central Scotland property deals
Property consultancy Knight Frank has brokered two new property deals in central Scotland.
Unit 1 at Straiton Business Parc has been sold to Curzon Limited, an IT company specialising in public sector contracts. Knight Frank acted on behalf of Morston Assets Limited in the sale of the unit comprising 2,194 sq ft for £325,000 plus VAT.
Knight Frank also acquired 1,422 sq ft of office space at Pavilion 1, Castlecraig Business Park in Stirling, at a rent of £17,500 per annum. The deal was agreed on a five year lease term with a tenant only break option at year three, and a period of three months rent free. Knight Frank acted on behalf of purchasers Scottish and Southern Energy.
Straiton Business Parc is a development of new office and commercial buildings, available for sale or lease, with units ranging from 1,757 sq ft to 7,143 sq ft. The first phase of this development comprises nine, two storey terraced buildings. Each office building provides a flexible space that can be sub-divided on a floor-by-floor basis or combined to provide larger accommodation.
The site is situated within Midlothian and is conveniently located for direct access onto the A720 Edinburgh Bypass. Adjoining occupiers within Straiton Retail Park include Sainsbury's, Costco, Ikea, Homebase, Marks & Spencer, Boots, Next, McDonalds and TK Maxx.
Curzon Limited represented themselves.
The office space at Pavilion 1 is part of Castlecraig Business Park which is located off the A905 within commuting distance of Stirling. J and E Shepherd acted on behalf of the landlord.
Nick White, Partner, Knight Frank said: "Central Scotland continues to be a popular location for office and commercial property space but business parks in the central belt have witnessed unprecedented popularity in recent months as companies are realising the benefits of an out-of-town location. The recent deals at both Straiton and Castlecraig demonstrate a high demand for business park space as both a rental and investment opportunity."
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Unit 1 at Straiton Business Parc has been sold to Curzon Limited, an IT company specialising in public sector contracts. Knight Frank acted on behalf of Morston Assets Limited in the sale of the unit comprising 2,194 sq ft for £325,000 plus VAT.
Knight Frank also acquired 1,422 sq ft of office space at Pavilion 1, Castlecraig Business Park in Stirling, at a rent of £17,500 per annum. The deal was agreed on a five year lease term with a tenant only break option at year three, and a period of three months rent free. Knight Frank acted on behalf of purchasers Scottish and Southern Energy.
Straiton Business Parc is a development of new office and commercial buildings, available for sale or lease, with units ranging from 1,757 sq ft to 7,143 sq ft. The first phase of this development comprises nine, two storey terraced buildings. Each office building provides a flexible space that can be sub-divided on a floor-by-floor basis or combined to provide larger accommodation.
The site is situated within Midlothian and is conveniently located for direct access onto the A720 Edinburgh Bypass. Adjoining occupiers within Straiton Retail Park include Sainsbury's, Costco, Ikea, Homebase, Marks & Spencer, Boots, Next, McDonalds and TK Maxx.
Curzon Limited represented themselves.
The office space at Pavilion 1 is part of Castlecraig Business Park which is located off the A905 within commuting distance of Stirling. J and E Shepherd acted on behalf of the landlord.
Nick White, Partner, Knight Frank said: "Central Scotland continues to be a popular location for office and commercial property space but business parks in the central belt have witnessed unprecedented popularity in recent months as companies are realising the benefits of an out-of-town location. The recent deals at both Straiton and Castlecraig demonstrate a high demand for business park space as both a rental and investment opportunity."
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The new Property Executive business directory has just been launched. To add a free listing for your company click here.
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