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3 Bain Sq 12,242 SF Office Building Livingston EH54 7DQ $1,655,125 ($135.20/SF) 9.25% Cap Rate
Investment Highlights
- Rare opportunity to acquire a modern hybrid industrial/ office investment within Scotland’s Central Belt
- Low passing rent of £120,000 per annum
- New 10 year lease with a break in year 5
Executive Summary
The subject property was pre-let to PPL Training Limited (03982955) on a lease from 10 March 2025 expiring on 10 March 2035 at a passing rent of £120,000 per annum (£9.80 per sqft ). There is a tenant break option on 10 March 2030. A purchase at this level reflects an attractive 9.25% Net Initial Yield and £100 capital value per sq ft, after standard purchasers’ cost of 5.86%.
Property Facts
Sale Type
Investment
Property Type
Tenure
Freehold
Building Size
12,242 SF
Building Class
C
Year Built
1996
Price
$1,655,125
Price Per SF
$135.20
Cap Rate
9.25%
NOI
$153,099
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,242 SF
Building FAR
0.94
Lot Size
0.30 AC
Parking
28 Spaces (2.29 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
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3 Bain Sq
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