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Clutch of post-lockdown deals gives cause for optimism

Cyber security experts Trustify took a 5-year lease at 3 Forth Street Lane

The east coast commercial agency of Allied Surveyors Scotland is revealing a clutch of post-lockdown property deals and reports increased levels of demand since restrictions were lifted.

A 5-year lease has been agreed with Supporting Positive Paths CIC who have snapped up a 764 sq ft office at 2A Hopetoun Street after only two weeks on the market.

Elsewhere in Leith an office investment at 23/2 Mitchell Street has been sold to a private investor for £242,500, reflecting a net initial yield of 8.19%.

23/2 Mitchell Street, Leith

In North Berwick, cyber security experts Trustify have taken a 5-year lease on an office in Forth Street Lane from Zest Capital Management at a rental of £11,500 per annum.

“These transactions are a positive sign that despite the threat posed by coronavirus, businesses are back out seeking their next premises,” commented director of commercial agency (east), Iain Mercer.

“In the last 6 weeks we have experienced high levels of enquiries for office, industrial and retail premises.”

In Haddington, meanwhile, social care experts Call-In Homecare have taken an additional office at Haddington House making them the building’s largest occupier.

The company now leases over 800 sq ft from landlord’s Lamp of Lothian who earlier this year completed a major six-figure refurbishment of the A-listed building in the town’s Sidegate.  Allied Surveyors was retained as the sole letting agent for the project.

If you wish to discuss any matters relating to a commercial property, please contact one of our agency departments in Edinburgh, Glasgow or Inverness.

 

Media Coverage

Commercial News Media

The Scotsman

About the author

Iain Mercer BA, AssocRICS

Iain is a Director of Allied Surveyors Scotland plc and opened the firm's east coast commercial agency in April 2018.  He has nearly 20 years of experience in the Scottish commercial property market, ranging from private investment and development projects to property agency, asset management and property management. 

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