FOR SALE Unit 2 Citygate Court, Castle Drive, Carnegie Campus, KY11 8GG

7 Exchange Crescent, , EH3 8AN Tel: 0131 225 6612 Fax: 0131 225 5766 High yielding industrial investment

• 12,022 sq.ft. modern industrial unit • Extensive tenant fit-out providing high- tech production facility with offices • Generous on site parking, 40 plus spaces • FRI lease to Optos Plc expiring April 2020 • 5A1 Dun & Bradstreet Rating • Passing rent of £60,000 pa (£4.99 per sq.ft.) • Offers over £560,000 (exclusive of VAT) • Net initial yield of 10.25% (allowing for purchasers costs and LBTT) • Low capital rate of £46.58 per sq.ft.

Edinburgh Leeds 0131 225 6612 0141 204 3838 01224 588866 0113 243 6777 01382 227900 LOCATION WELLWOOD CROSSGATES Dunfermline is widely regarded as the principal town in . FORDELL d ath R lbe Located 15 miles north of Edinburgh it has a population in Ha excess of 50,000 people and catchment population of over DUNFERMLINE

250,000 within a 20 minute drive time.

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The population of Dunfermline is growing. The Finalised Fife R d Structure Plan has the stated ambition of increasing the ABERDOUR population to over 50,000 people by 2026. M90 A921 A823M Dunfermline benefits from excellent transport links, two J2 HILLEND railway stations and easy access to the motorway system via J1 A985 A921 DALGETY BAY A985 the M90. is approximately 13 miles to the LIMEKILNS UNIT 1 UNIT 2 CITYGATE south. This connectivity is set to further improve with the CITYGATE COURT opening of the in May 2017. The bridge COURT forms the centrepiece of a major upgrade to the cross-Forth transport corridor in the east of Scotland representing a total Scottish Government investment in excess of £1.325bn. In A90 total the overall Forth Replacement Crossing scheme is 13.7 Forth Road miles long including major motorway upgrades to the north Bridge and south of the bridge.

ABERCORN SITUATION QUEENSFERRY A904 Citygate Court is situated on Castle Drive within Carnegie NEWTON A904 Campus, 2 miles south of Dunfermline town centre. Carnegie A90 A90 Campus is Dunfermline’s premier business park and an KEY established commercial location benefiting from immediate M9 OUTWITH A90 OWNERSHIP access to Junction 2 of the M90 motorway. Significant M90 occupiers within the campus include Sky TV, Scottish Water WINCHBURGH and Schneider Electric. INDICATIVE PLAN otherwise as tothecorrectness ofeachthem;(iii) nopersonintheemployment ofMessrs Ryden hasanyauthority tomakeorgiveanyrepresentation orwarranty whateverinrelation tothisproperty. September2016. and occupation, andotherdetails aregivenwithout responsibility andany intendingpurchasers ortenantsshould notrelyonthemasstatements orrepresentations offactbutmust satisfythemselves byinspectionor outline onlyfortheguidance ofintendedpurchasersorlessees, anddonotconstitute,norconstitutepart of,anofferorcontract;(ii)alldescriptions, dimensions,referencetoconditionand necessarypermissionsforuse Ryden isalimitedliability partnershipregisteredinScotland.Messrs Rydenforthemselvesandvendors orlessorsofthispropertywhoseagents theyaregivenoticethat:(i)theparticulars aresetoutasageneral 2015 for intheorder of £260M. employees worldwide andwas acquired by Nikon inMarch is based inDunfermline. The company hasintheorder of 400 The company was founded in1992 by DouglasAnderson and patient care. imaging devices to eye care professionals for improved Optos plcisrecognised asaleading provider of retinal COVENANT interested parties onrequest viaourData site. Further lease andtitleinformation can bemadeavailable to DATA SITE Outright ownership (Scottish equivalent of Englishfreehold). TENURE rental rate of £4.99 persq.ft. The current passing rent is£60,000 perannumreflecting a terms expiring on20 April2020. The subjects are let to Optos plconfullrepairing andinsuring TENANCY of thecertificate can beprovided onrequest. The property hasanEnergy Performance Rating of C.Acopy EPC RATING area of approximately 12,022 sq.ft. (1,116.88 sqm). We estimate theaccommodation extends to agross internal ACCOMMODATION excess of40dedicatedspaces. shutter doorsandgenerouson-siteparkingprovidingin There isaservice yard to therear of theunitwithtwo roller and aluminiumframed doubleglazed windows. incorporating translucent roof panels, solid concrete floor brickwork andprofile metal claddingabove, apitched roof The buildingisof steel portal frame construction with for thedevelopment of specialist retinal imagingtechnolog associated office andstaff facilities. The unitisprimarilyused The subjects comprise ahightech production unitwith DESCRIPTION y. Going Concern (TOGC). anticipated thesale can betreated by way of aTransfer of a accordingly VAT willbecharged onthepurchase price. Itis We understand thesubjects are elected for VAT and VAT LBTT of 4.56% andlow capital rate of £46.58 persq.ft. initial yieldof 10.25% allowing for purchaser’s costs based on ownership interest. Apurchase atthislevel would reflect anet (exclusive of VAT) for thebenefit of ourclient’s outright We are instructed to seek offers inexcess of £560,000 PROPOSAL distance away withinCarnegie Campus. head office, Queensferry House, isalso located ashort Optos occupy theadjacent Unit1Citygate Court andtheir 123,800,000. turnover of USD192,900,000 andtangible net worth of USD submitted on31 March 2016 thecompany reported a minimum riskof business failure. For thelatest accounts Optos plchave aDun&Bradstreet rating of 5A1representing 7 Exchange Crescent, Ryden LLP, Please contact sole selling agent VIEWING ANDFURTHERINFORMATION Tel: 0131 473 3210 [email protected] Finlay Miller Tel: 0131 473 3223 [email protected] Nick Armstrong Edinburgh EH38AN. Conference Square,

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