PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY

Transcription

1 PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY Agilent Technologies Site South Queensferry, Edinburgh Eh30 9Tg > Prime residential development site (with mixed use) > 14.2 hectares (35 acres) > Located within the boundary of The City of Edinburgh adjacent to Dalmeny Railway Station > Planning Permission in Principle for up to 450 residential units and 1,500 sq m (16,146 sq ft) of commercial (Classes 1, 2, 3, 4 and 10), subject to Section 75 agreement

2 North Queensferry South Queensferry B904 Dalmeny Granton Trinity Leith M9 M9 Kirkliston Newbridge Edinburgh International Airport A8 Gogar 2 Davidsons Mains Barnton Clermiston A8 Corstorphine A8 Stockbridge EDINBURGH CITY CENTRE A1 Craigentinny Duddingston A1 Musselburgh M8 Ratho A71 M8 Hermiston Sighthill A71 A70 Merchiston A702 Morningside Newington Danderhall Newcraighall A1 Wilkieston Juniper Green Colinton A720 Oxgangs Liberton Kirknewton Currie A70 A702 A720 A7 A68 Dalkeith Balerno Lasswade Agilent Technologies Site, South Queensferry, Edinburgh EH30 9TG LOCATION Edinburgh Edinburgh is the Capital of Scotland and a political, financial and legal centre, being home to the Scottish Parliament and the Scottish legal courts. The Edinburgh city region has a population of approximately 1.2 million and the workforce is one of the most highly qualified in the UK with 45% of the population holding Degree level or professional qualifications. The city offers a high quality of life with its culture, heritage and open spaces, together with first class universities and schools. It also has an extensive public transport system and Edinburgh Airport is Scotland s busiest airport offering flights to over 100 destinations. B924 B907 Kirkliston Rd B800 South Queensferry Queensferry High School Station Road Scotstoun Ave M9 Hawes Brae Dalmeny Rail Station B924 Agilent Site Edinburgh is a global financial centre and is the UK s second largest financial centre after London. The sector is diverse and key strengths include banking, fund management, asset servicing, insurance, pensions and investment management. Financial organisations headquartered in Edinburgh include Royal Bank of Scotland, Virgin Money, Tesco Bank, Scottish Widows and Standard Life. Other important sectors of the economy include science and technology, Edinburgh is a top 10 location in Europe in this sector, and tourism. Edinburgh is one of Europe s premier tourist destinations and hosts the internationally renowned Edinburgh Festival. Further information on Edinburgh is provided at Scottish Parliament / Princes Street Gardens / Edinburgh Castle

3 A desirable location within the Edinburgh property market Forth Rail Bridge From South Queensferry South Queensferry South Queensferry South Queensferry lies within the boundary of the City of Edinburgh and is located on the south shore of the Firth of Forth between the Forth Road Bridge and Forth Rail Bridge, which is one of the icons of Scotland. With a population of around 10,000 people, South Queensferry has grown to be a popular town with a well established community. The historic village at the centre of the town is attractive with its views of the Bridges, the Firth of Forth and a concentration of local shops, public houses and restaurants. Further leisure amenities, including a hotel, restaurants and a large supermarket, are also provided at Ferrymuir on the edge of South Queensferry. Excellent road and rail transport links and proximity to employment centres including Edinburgh and Dunfermline have resulted in South Queensferry being popular with commuters. The area offers easy access to woodland walks and footpath links are provided to South Queensferry town centre and waterfront attractions. The shore offers opportunities for water sports, with Port Edgar providing a major destination for sailing and boating activities. South Queensferry has excellent educational facilities with non denominational and denominational primary schools located within the area. Queensferry High School is a comprehensive school run by the City of Edinburgh Council and this is located adjacent to the site. As a result of the town s amenities and excellent transport links, it is a desirable location within the Edinburgh property market.

4 FORTH PARK DESCRIPTION Access and Transport Links The site is easily accessible as a result of the excellent transport links available. Rail 47.5m 46.3m 45.4m 46.0m Rosshill Terrace Bankhead Cottages FB Station El C ACCESS PDR65983/GP November 2010 Address, Address, Address Cycle Track BANKHEAD GROVE East Forthview West West Cycle Track Forth STATION ROAD FORTH TERRACE FORTH TERRACE FORTH PARK Sub SL MP.25 Cycle Track SP S Gantry Works Works Dalmeny Path (um) MP 9 Dalmeny Junction MP 9 MP 39 SL MP.5 LB Car Works Dalmeny Railway Station is located adjacent to the site providing frequent rail access to Edinburgh and Fife with up to 4 trains per hour at peak times. Access is provided to Edinburgh city centre in less than 15 minutes. ( SL 43.9m STATION ROAD 42.7m Queensferry High School STATION VIEW Playing Field Club Pump Tennis Green Shelter SOMMERVILLE Path Path (um) Posts 40.8m Reproduced by permission of Ordnance Survey on behalf of HMSO. Crown copyright and database right All rights reserved. Ordnance Survey Licence number Cycle Path ROAD The site is accessible from Scotstoun Avenue or Ashburnham Loan. Local roads connect to the which links South Queensferry with Edinburgh (10 miles) and Fife towns including Dunfermline (8 miles), Kirkcaldy (19 miles) and Glenrothes (23 miles). The site is well connnected through the new link from the Echline roundabout to the M9. From the M9, other Central Scotland locations such as Falkirk, Grangemouth and Stirling can be reached. The M9 also links with the M8, which is the main route west to Glasgow and also offers access east and south via the A720 and A1. Site Overview Indicative Site Boundary The site is located in the south east corner of South Queensferry, bounded by suburban style developments and Queensferry High School to the north; residential developments and open space to the west; agricultural land to the south; and the Edinburgh/Fife railway line to the east. The site extends to 14.2 hectares (35 acres) and comprises industrial buildings with offices and ancillary structures, including a former sports and social club. A summary of the approximate gross external areas of the existing buildings is provided below: BUS The site is serviced by three operators including a regular service to Edinburgh city centre. Building 1 Building 2 Building 3 Building 4 112,000 sq ft 103,000 sq ft 115,000 sq ft 23,000 sq ft BIKE Conveniently located on a National Cycle Network (National Route 1), access is provided to a wide variety of cycle paths, including a route into Edinburgh city centre. AIR Edinburgh Airport is approximately 7.5 miles from South Queensferry. Building 5 Social Club External Garage 130,000 sq ft 23,000 sq ft 2,400 sq ft The remainder of the site is predominantly hard landscaped with car parking and road structure, albeit the areas towards the boundaries, in particular the north-west and south, are lined with trees and areas of planting. Views are provided to the Forth Estuary and the site offers glimpsed views to the Forth Rail Bridge and Forth Road Bridge. Long views towards the Pentland Hills can be gained over and through the existing tree line to the south. Other views are more local, connecting with the surrounding countryside or neighbouring residential areas.

5 View from the site Existing Buildings PLANNING The site has Planning Permission in Principle for up to 450 residential units and 1,500 sq m (16,146 sq ft) of commercial (Classes 1, 2, 3, 4 and 10), subject to completion of the Section 75 legal agreement. The Planning Reference is 11/00995/PPP and further information is accessible on the City of Edinburgh Council Planning Portal ( A small area of the site lies within the Queensferry Conservation Area. Outline planning permission was granted for residential development in April 2008 (Planning Reference 06/00842/OUT) for part of the site. An application to renew the outline consent has been granted subject to completion of the Section 75 legal agreement (Planning Reference 11/01162/FUL). Full planning information, including supporting documents, is available for download on the dedicated SharePoint site. Masterplan Zoning Layout Plan CAR PARK (Station) / Commercial Open Space Green Space Green Space

6 View of South Queensferry THE PROPOSAL Unconditional offers are invited for the heritable interest (Scottish equivalent of absolute freehold) in the site with the benefit of the Planning Permission in Principle (PPiP). The site is no longer operational and vacant possession can be provided immediately. It is recommended that interested parties register their interest with Cushman & Wakefield to be advised of any closing date. The vendor is not required to accept the highest or indeed any offer received. A sales information pack is available on a dedicated SharePoint site. This site includes existing building, planning and legal information, together with further details of bidding instructions. The site address is: Please contact Cushman & Wakefield for a login and password. VAT The property has been elected for VAT and therefore VAT will be payable on the purchase price. RATING All the buildings are designated as factory with the exception of the social club. It is recommended that interested parties contact Lothian Valuation Joint Board directly for rating information ( ). PLANT & EQUIPMENT None of the systems or equipment has been tested by Cushman & Wakefield and a prospective purchaser may wish to make their own investigations. COSTS Each party to bear their own costs with the purchaser being responsible for any Stamp Duty Land Tax and Registration Dues. CONTACT For further information, please contact: Angela Lowe Telephone: angela.lowe@eur.cushwake.com Misrepresentation Act 1967 and Property Misdescription Act 1991: Cushman & Wakefield (and any joint agent appointed) for themselves and for vendors or lessors of this property, whose agents they are, gives notice that: 1/ The particulars are produced in good faith, but are a general guide only and do not constitute any part of a contract 2/ No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatsoever in relation to this property. 3/ The property is offered subject to contract and unless otherwise stated all rents or prices are quoted exclusive of VAT. 4/ Nothing in these particulars should be deemed a statement that the property is in good condition, or that any services or facilities are in working order. 5/ Unless otherwise stated, no investigations have been made regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. Date: October 2011