Sale of Prime Development Site in the Grange, Edinburgh
• The Scottish Natural Heritage Headquarters at 12 Hope Terrace
Leading property agents Rettie & Co's Land & Development team has placed under offer a 1.5 acre site in Hope Terrace, Edinburgh, formerly the headquarters of Scottish Natural Heritage.
The site benefits from detailed planning consent for 17 apartments and is situated approximately one mile south of Edinburgh city centre.
At the closing date, held on 16 April, a total of nine offers were received from a number of well-known Edinburgh based residential developers with four offers being received in excess of £5m.
This disposal has been made possible by the relocation of the SNH headquarters function to Inverness during December of 2006. The remaining staff at 12 Hope Terrace have moved to an office shared with the Forestry Commission at Silven House, Corstorphine Road, Edinburgh.
Rettie & Co's Land & Development Director, William Scarlett, comments: "The level of interest shown in this prime development site provides us with another strong indication that well-funded Edinburgh based developers are confident about the top-end market particularly for the best residential development sites such as this."
Throughout the transaction Rettie & Co's Land & Development team acted on behalf of the seller, Scottish Natural Heritage.
Land and Development
Working between the commercial and residential property sectors, the Rettie Land & Development team has become firmly established in the marketplace, buying and selling sites and investments as well as advising on mixed use developments on behalf of a wide range of clients including pension funds, commercial developers, councils, institutions and residential developers. For further information, please visit our website www.rettie.co.uk
|
