TWO STOREY LIGHT INDUSTRIAL BUILDING
DISPOSAL OF THE HERITABLE INTEREST BIOCAMPUS NO 2, BUSH LANE, PENICUIK, MIDLOTHIAN
KEY INVESTMENT CRITERIA e Located in the recognised Midlothian Science Zone, 8 miles south of Edinburgh City Centre e Heritable Interest e BioCampus is an Enterprise Area which excludes any occupiers from paying business rates e Vacant Possession e Self-contained two storey light industrial building of 2,600 sqm (27,987 sqft) on a site that Seeking offers in excess of extends to 1.41 hectares (3.48 acres) e £1,580,000 (One Million, Five Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects £607.70 psm (£56.45 psf)
BioCampus No 2, Bush Lane, Penicuik, Midlothian LOCATION
DUNDEE The property is located in the Bush Research & Development Cluster, 8 miles south of Edinburgh City PERTH Centre which has become one of the recognised animal health and life science clusters in Europe, ST ANDREWS accommodating some of the world’s leading scientists and research organisations in this field. It is now known as the Midlothian Science Zone.
In total, the cluster extends to more than 130,000 sqm (1.4m sq ft) of biomedical and R&D facilities over 50 hectares (125 acres) and comprises Pentlands Science Park, Roslin Innovation Centre, Edinburgh Technopole and Biocampus.
Occupiers include the University of Edinburgh, Moredun Research Institute, Roslin Foundation, The EDINBURGH Edinburgh BioCampus, The Scottish Agricultural College and the Royal Vet School of Veterinary GLASGOW M8 SUBJECT PROPERTY Medicine. A68 A702 A701 M77 A7 A72 PERTH A702 A697 PRESTWICK M74
NORTHUMBERLANDTHUMBERL A7 NATIONALTIONA PARK A68
KIELDERKIELDER GALLOWAY FORESTFOREST PARK FFORESTOREST PARRKK DUMFRIES
NEWCASTLE UPON TYNE
CARLISLE
M74
Located in the recognised Midlothian Science Zone, 8 miles south of Edinburgh City Centre.
BioCampus No 2, Bush Lane, Penicuik, Midlothian SITUATION
BioCampus provides an integrated environment for advanced biomedical facilities with easy access to nearby Institutes and University departments involved in biotechnology related research
It was designated by the Scottish Government as part of a Life Sciences Enterprise Area which excludes any occupiers from paying business rates.
EDINBURGH
SUBJECT PROPERTY
BioCampus No 2, Bush Lane, Penicuik, Midlothian DESCRIPTION
The subject property comprises a self-contained two storey light industrial building with a steel portal frame construction, composite clad walls and a low profile barrel roof in a landscaped site with car parking for 26 vehicles to the front and a rear service yard for deliveries.
It has a total gross internal area of 2,600 sqm (27,987 sqft) split equally between ground and first floor.
The ground floor accommodation is currently in shell condition with reception, WCs, office and workshop/warehouse area. There are two roller shutter access doors servicing the workshop. The upper floor is accessed by two metal staircases and a lift.
ACCOMMODATION
Floor Area (Sqft) Area (Sqm) Ground Floor Warehouse 10,339 960.52
Office 3,443 319.87 First Floor Complete Section 4,019 373.38
Incomplete Area 10,186 946.31 TENURE
Total Net Internal Area 27,987 2,600.08 Heritable Interest.
The site extends to 1.41 hectares (3.48 acres) with a current site cover of less than 20%. The property was developed as a bio-manufacturing centre with a specific user restriction (expiring in May 2020) to bio-manufacturing, pharmaceutical formulation/blending, research & development The property was built to accommodate an extension/additional development adjoining the existing and ancillary services. Thereafter, the user widens to include: - building. (i) life sciences/earth sciences; (ii) medicines; (iii) environmental and clean technology; or (iv) industrial and synthetic biology.
Self-contained two storey light industrial The owner shall be entitled to use the property for any other use in the event that Scottish Enterprise building of 2,600 sqm (27,987 sqft). allows the alternative use for any other occupant on the campus.
BioCampus No 2, Bush Lane, Penicuik, Midlothian EXISTING FLOORPLANS
Existing ground floor Existing first floor
BioCampus No 2, Bush Lane, Penicuik, Midlothian PROPOSED BIOCAMPUS CONCEPT
Vehicular access via External utility building, security gate with CCTV energy centre, substation monitoring and remote and air cooled chillers operation
Was te Storage Receipt Delivery Turn In & & Indent to perimeter Dispatch Sub Station Access fencing for LEA Transformers Ramp Gradient 1:12 BOLLARD BOLLARD BOLLARD BOLLARD rw p rw p rw p rw p 24 Hr Access Proposed
Utility Sub Station Substation 980m2 building expansion Building HV /LV to sub-station
Boiler Chiller Chiller C o m p r essors Air Cooled Air Cooled Vacuum Wa t e r Pre-Treatment and HGV pull-off (75%) maximum to LPHW Gasses accommodate administration
S e rvi ce Utility Tunnel Ri ser
Future Site Expansion (980m2/75%) Goods vehicle access only
rw p rw p rw p
Parking Parking Expansion (26 Spaces) (10 Spaces) (2 Disabled)
Car parking expansion to offset 4 lost spaces due to expansion and N
additional Local Authority Staff Turn In & requirements (TBC) Visitor Access
Staff and visitor entrance via card controlled security gate
Perimeter security fencing to follow site boundary
Revision History Update Sheet 1 of 1 D C Proposed Biocampus Concept Scale NTS B 30th January 2014 Extension Footprint updated
Drawing No. SK BIO 02 A 20th January 2014 Road layout, access, layers revised
Drawn by C. J. Lucas Orig. 30th July 2013 EPIC Engineering Ltd
BioCampus No 2, Bush Lane, Penicuik, Midlothian PROPOSAL FURTHER INFORMATION
We are seeking offers in excess of£1,580,000 (One Million, Five Hundred For further information, please contact and Eighty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects £607.70 psm (£56.45 psf). Bill MacLeod 01908 660 177 07791 844 209
Disclaimer Torrin Asset Management and their clients give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and any services, equipment or facilities have been tested. Purchasers must satisfy themselves by inspection or otherwise. November 2019