King Sturge to market Edinburgh office scheme
Commercial agents King Sturge have been instructed to market a refurbished office building in Edinburgh.
The property investment arm of insurance giants Aviva has instructed King Sturge to market the Hayweight House office building (pictured – website) in central Edinburgh.
Constructed in the early 1990’s the 19,378 sq ft building has recently undergone a £1.3m refurbishment programme managed by King Sturge’s Building Consultancy. The building has achieved a revised and improved energy rating of ‘C’.
The building offers 6 floors of open plan office space with floor plates ranging in size from 2,033 sq ft up to 3,580 sq ft. Each floor provides fully self-contained offices with lift access. Â Suites are being marketed on a floor by floor basis. Letting of the whole building for headquarters office occupation is also available.
Hayweight House was previously purchased by Morley Property Investment Fund, which was subsequently acquired by Norwich Union. The building was purchased in 2006 for £5.85m and was let to the Scottish Courts at an approximate rental price of £16.60 / sq ft. Last year the Scottish Courts were in dispute with the landlord over the cost of building repairs (.pdf link).
The agents anticipate strong interest in the centrally located Edinburgh office. John Clement, Partner at King Sturge comments: “Hayweight House has been refurbished to a very high standard and we are offering flexible open plan floor by floor lettings with competitive terms”.
Headline rental prices are available on request. Lease terms of 5 to 10 years are available.
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