Offers in excess of £600,000 are sought for our client’s heritable interest to include the benefit of the occupational leases. This reflects a NIY of 13.5% after purchaser’s costs. The property is let on FRI terms on a floor by floor basis to MMA Offshore Services Ltd and Omega Subsea UK Ltd. The ground floor suite is let to MMA Offshore Services Ltd from 30.09.22 until 30.09.25. The lease makes provision for a Tenant option to extend for a further 3 years. If the Tenant does not exercise the option to extend, a 3 month rent penalty is payable to the Landlord. The passing rent is £36,500 per annum, reflecting £14.63 per sq.ft. The first floor suite is let to Omega Subsea UK Ltd from 01.07.24 until 01.07.29. There is provision for a Tenant break option at the third anniversary (30.06.27). If the Tenant does not exercise the break option, they will be granted a 6 month rent free period from 01.07.27. The lease also makes provision for an upwards-only rent review to open market rental value (OMRV) on 30.06.27. The passing rent is £48,510 per annum, reflecting £18 per sq.ft.