*For Sale 16 18 Potterrow Edinburgh EH8 8BL Prime Student Residence Investment Investment Summary 16 18 Potterrow Completing in August 2014 Edinburgh EH8 8BL Prime student residence development specified to a high standard Situated in the heart of the University of Edinburgh’s “Central Area Campus” 151 bedrooms arranged over forty cluster flats (10 x 3 bed, 29 x 4 bed, 1 x 5 bed) Nominations Agreement with the University of Edinburgh from 8 September 2014 until 1 September 2015 Guaranteed gross income of £916,419 in year 1 (estimated net income: £689,919) Anticipated increase in net income to £945,100 following expiry of Nominations Ryden are instructed to seek offers in excess of £13.00M for the long leasehold interest Based upon estimated and anticipated net income: net initial yield of 5.02% and reversionary yield of 6.87% in year 2. 2 16 18 Potterrow Edinburgh EH8 8BL Aerial View 17 18 16 18 14 Potterrow The Potterrow Student 02 Centre: Student Association(EUSA: 08 Chaplaincy Centre 03 The University Health Centre 16 04 Bristo Square 11 10 The University Visitor Centre, 05 Information, exhibition and shop 06 Informatics Forum 02 07 George Square 08 Old College 03 09 McEwan Hall 15 10 Festival Theatre 04 11 National Museum of Scotland 12 09 05 12 George Heriot's School 06 13 Quartermile 14 National Library of Scotland University 15 Unite - Lady Nicolson Court of Edinburgh 16 The Grassmarket Central Campus 13 17 Princes Street 07 18 Waverley Station 3 Location and Situation Edinburgh is the capital city of Scotland and The property is extremely well located for is recognised as one of the UK’s leading Edinburgh’s main tourism area being within cities for higher education boasting 5 a short walking distance of Edinburgh’s higher education institutions. The city has a historic Old Town and the main tourist population of approximately 495,000 (2011). attractions such as Edinburgh Castle, The city is located in Scotland’s central belt National Museum of Scotland, Holyrood and benefits from excellent transport links Palace and the Royal Mile. to the rest of the UK and beyond via road, The property is also well served by public rail and airport connections. Edinburgh transport with numerous bus routes within International Airport is served by more than a short walking distance of the property and 40 airlines to 100+ destinations handling Edinburgh’s main Waverley Station being in excess of 9million passengers per year. approximately a half mile to the north. The Edinburgh’s Waverley train station provides University’s dedicated shuttle services to a direct link to the east coast mainline to the Kings Building and Western General London and the south east of the UK. campuses run along Potterrow providing The subject property is located on Potterrow excellent access to the wider university which forms part of the main arterial route campus areas. leading into the city centre from the south. The property is situated on the corner of Importantly, the property is also located at South College Street and West College the heart of the University of Edinburgh’s Street fronting onto Potterrow as it sweeps designated central area campus, sitting round towards Teviot Place. Adjoining and directly opposite the Potterrow Student surrounding buildings include the Festival Centre (Student Association (EUSA) and Theatre, National Museum of Scotland and Chaplaincy Centre). The property presents University of Edinburgh’s Old College and an unrivalled location for access to the Talbot Rice Gallery Buildings. University’s central campus. Interested parties should also note that the The city is located in University of Edinburgh has a long term ambition to redevelop their Potterrow Scotland’s central belt and Campus to create a better link between benefits from excellent the Old College and their George Square transport links to the rest of Campus. A Masterplan has been produced that proposes moving the road, creating two the UK and beyond via road, further development sites and a new square rail and airport connections. directly in front of the subject property. 4 16 18 Potterrow Edinburgh EH8 8BL St Andrew’s Bus Station South St Andrew Street A900 t e e University of St Andrew tr S Square h it e L Edinburgh George Street Waterloo Place A 1 R ege Central Campus nt Road Princes Street 16 18 Waverley Bridge Potterrow 1 Paterson’s Land 37 William Robertson Wing Waverley Station New Street RSA A7 North Bridge 2 St Leonard’s Land 38 Chrystal Macmillan Building Princes Street Gallery 3 Old Kirk 39 Hugh Robson Building The Mound to Western 4 Charteris Land 40 Wilkie Building General Hospital National Gallery 5 Simon Laurie House 41 Reid Concert Hall Market Street Jeery Street 6 St John’s Land 42 Teviot Row House 6 8 5 St John Street 7 7 Dalhousie Land Student Union Cockburn Street Canongate 9 8 Old Moray House 43 7 George Square Princes Street Gardens St Mary’s Street City Blackfriars Street 4 9 Thomson’s Land 44 1 George Square Bank St Chambers High Street (Royal Mile) 10 Centre for Sport and Exercise 45 Dugald Stewart Building 1 Mound Place25 Tron 25 3 11 Pleasance 46 University Visitor Centre: Kirk St Giles’ 12 High School Yards information, exhibition Holyrood Road Cathedral South Bridge 2 13 Chisholm House and shop Lawnmarket George IV Bridge 14 Old Surgeons’ Hall 47 Informatics Forum Castle The National 20 Edinburgh Esplanade t Library of Cowgate12 ree 15 Old High School 48 Inspace St Scotland 13 Castle a ri 15 Holyrood 16 1 Drummond Street 49 Appleton Tower o 18 t 14 Campus c Cowgate i 19 10 17 1–7 Roxburgh Street 50 57 George Square V 21 16 22 Pleasance 18 13 Infirmary Street 51 50 George Square Johnstone Terrace Infirmary Street Candlemaker Row 24 11 R 19 11 Infirmary Street 52 David Hume Tower Lecture o x 17 Chambers Street Roxburgh Pl b 20 St Cecilia’s Hall Theatres Grassmarket u King’s Stables Road 23 r g Drummond Street h 21 Adam House 53 David Hume Tower S 22 Charles Stewart House 54 33 Buccleuch Place: Greyfriars A7 Nicolson Street 27 t Kirk Pedestrian Underpass 23 Old College and Talbot Rice International Office; Student Richmond Pl West Port Festival Gallery Recruitment & Admissions Bristo Place Theater Surgeons’ 24 Minto House 55 University of Edinburgh 68 Road Forrest Hall Lady Lawson Street 66 33 26 Pedestrian 65 access 30 25 New College Business School 34 Potterrow Nicolson Keir Street Keir Heriot Place 32 26 Alison House 56 George Square Lecture Theatre George Lothian Street 29 Heriot’s School 31 Marshall StSquare 27 The Lister Postgraduate 57 Main Library; Careers Service; Bristo Teviot 36Place Edinburgh 35 Square Institute Student Counselling Service; 67 45 Cental Mosque 29 MacKenzie House (34 West Student Disability Service Lauriston Place Walk Meadow Middle W Richmond St 41 42 46 Richmond Street) 58 16–22 George Square Lauriston 37 48 Lauriston Gardens 40 47 Building Quartermile 44 St Leonard’s Street 30 The Potterrow Student Centre: 59 27–29 George Square 69 43 development 39 Students’ Association (EUSA); 60 17–30 Buccleuch Place Crichton Street49 W Nicolson St 38 Chaplaincy Centre 61 14–16 Buccleuch Place 50 Chalmers Street W Cro 31 7 Bristo Square: Centre for 62 7–13 Buccleuch Place 51 sscauseway E Crosscauseway 58 Professional Legal Studies; 63 1–6 Buccleuch Place 52 Buccleuch Street Institute for Academic 64 Hope Park Square George Square 54 Development 65 ECA Main Building 55 53 56 A7 Clerk Street 32 The University Health Centre 66 Lauriston Architecture Building 59 57 63 Buccleuch62 Place 33 Bedlam Theatre 67 Hunter Building 61 60 34 5 Forrest Hill 68 Evolution House Meadow Lane 35 McEwan Hall 69 Edinburgh Dental Institute The Meadows Rankeillor Street 64 36 Old Medical School 5 16 18 Potterrow Edinburgh EH8 8BL (Architecture) 53 to 59 20 SOUTH BRIDGE 23 CHAMBERS STREET 60 to 61 Crown Office 62 to 64 Old College University of Edinburgh PH 19 to 17 65 to 67 3 16 Old College 1 University of Edinburgh 14 to 11 WEST COLLEGE 10 STREET 8 PH 2 6 SOUTH COLLEGE ST 2 to 6 1 Royal Museum of Scotland 1 Forbes Laboratory Forbes 3 4 Site Plan 3 9 to 11 to 9 5 to 8 to 5 PH 8 to 10 5 SOUTH COLLEGE 7 STREET 11 12 to 16 20 x 166 = 3,316 Old College National Museum of Scotland 17 17 x 162 = 2,760 Hall Surgeons 1615 1413 121 110 9 87 65 43 21 Festival 10 20 x 166 = 3,316 W W Theatre 8 6 Festival 29 to 39 to 29 9 BRIGHTON STREET Theatre Works Congress Hall Congress 7 33 to 41 to 33 18 Adventist POTTERROW Church Alison House 20 Lothian Street Lothian Music Library 43 University 22 3 47 to 41 to 26 2 Chaplaincy PH 45 BRISTO PLACE St Francis Centre 1 of Assisi 2 1 Alison Bank RC Church 3 28 49 House 21 to 53 Music Library 4 to 6 30 2 Bank Student Centre NICOLSON SQUARE 7 to 11 55 4 12 to 15 14 3 1 NICOLSON 36 to 38 5 SQUARE 22 23 15 to 19 to 15 37 University Health Centre 1 to 3 to 1 24 20 33 31 PC NICOLSON SQUARE 6 27 and Refectory NICOLSON STREET Charlesfield 4 to 6 to 4 30 MARSHALL STREET 16 7 55 to Bank 51 El Sub 59 Sta 57 25 El Sub Sta 63 61 El Sub Sta Hall Reekie's Ct Reekie's Memorial McEwan Hall Church 6 Higher Education in Edinburgh Edinburgh is recognised by QS as the 32nd Queen Margaret University is the newest best student city in the world and hosts 4 addition to Edinburgh’s Universities, Students enrolled in higher education institutions in Edinburgh 2012/13 of Scotland’s 18 universities.