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A freshly renovated office building in the centre of Edinburgh is to be put on the market by commercial property agents King Sturge, acting on behalf of Aviva, it has been reported.
The 19,378 square foot Hayweight House has just been refurbished to the tune of GBP 1.3 million and has Class C energy rating.
With six floors, the building will be offering open plan office space starting from 2,033 square feet.
Constructed in the 1990s the building was bought by the Morley Property Investment Fund. In 2006 Hayweight House was purchased for GBP 5.85 million and was then rented by the Scottish Courts for GPB 16.60 per square foot.
John Clement, Partner at King Sturge stated: “Hayweight House has been refurbished to a very high standard and we are offering flexible open plan floor by floor lettings with competitive terms”.
Hayweight House is located between Saltire Court and Princes Exchange. The Grassmarket area is close by.
A new survey has recently found that the Scottish real estate market has experienced a boost. The Royal Institute of Chartered Surveyors Scotland found that 25 percent of Scottish surveyors said that the number of deals in the last quarter have increased, not decreased.
Graeme Hartley of RICS Scotland did sound a note of caution however: “The Scottish market remains relatively buoyant with active buyers and sellers, although the price levels remain subdued.
“The number of newly agreed sales over the past month would demonstrate that sellers are more realistic about current property prices and it is difficult to see it picking up materially over the coming months.”
He added that uncertainty about the economy might mean that the amount of deals being done stays fairly low.
