SITE AT FrEEr STrEET FOUNTAINBrIDGE, EDINBUrGH FOr SAlE

// EXcEPTIONAl DEVElOPmENT OPPOrTUNITY cENTrAl TO EDINBUrGHS mOST VIBrANT DEVElOPmENT ArEA // HIGH PrOFIlE 2.38 AcrE (0.963 HEcTArE) SITE, wITH wATErSIDE FrONTAGE // mIXED USE PlANNING cONSENT FOr 220,000 SQ FT OF DEVElOPmENT // POTENTIAl FOr A rANGE OF USES

www.FrEErSTrEETEDINBUrGH.cOm

3 WAVERLEY STATION 1

EDINBURGH CASTLE 4 11 12 P 10 P 8 9 P 7 5 2 4 5 2 1 P << HAYMARKET STATION 6 1 3 P 3 4 6 P 2

lOcATION
Freer Street is a key site in the evolution of Edinburghs Financial District. Prominent to Fountainbridge, a main thoroughfare into central Edinburgh, it also enjoys an extensive frontage to the Union Canal. This area of Edinburgh is one of the citys most vibrant new mixed use quarters, and the opportunity to secure a key development site at the heart of this growth area is rarely available.
The Freer Street site is located on Fountainbridge, on the south side of Edinburghs Finance District, and at the centre of a dynamic area of development. It lies adjacent to the highly successful Edinburgh Quay development, which encompasses high quality apartments and leisure facilities, along with 140,000 sq ft of offices. Surrounding developments include HBOSs proposed Headquarters site, Grosvenor and AMAs 8 acre mixed use development at Springside, and Scottish Widows 210,000 sq ft Grade A office development at Exchange Place. This vibrant, mixed use environment benefits from an extensive frontage to the Union Canal and a high profile situation on Fountainbridge, one of the key approaches into Edinburgh. This places it within 20 minutes drive of Edinburgh airport, and within 15 minutes drive of Edinburghsmotorway network.

THE SITE IS wITHIN 10 mINUTES wAlK OF:

Princes Street Haymarket mainline railway station The nearest proposed tram stop Edinburgh Castle

OCCUPIERS
1 2 3 HBOS Future Development Halifax Bank of Scotland Tods Murray, Baker Tilley, Barclays, Lloyds, Pinsent Masons 4 Biggart Baillie LLP, Watson Wyatt, Halifax Bank of Scotland 5 McClure Naismith 6 Halifax Bank of Scotland, Turcan Connell, McGrigors 7 Halifax Bank of Scotland, MacRoberts, Aegon 8 Franklin Templeton 9 Scottish Widows 10 Clydesdale Bank, Cairn Energy, Burness 11 Standard Life HQ 12 Anderson Strathern

THE SITE
The site is approximately 2.38 acres (0.963 hectares) and is outlined in orange for identification purposes only on the OS Plan below. It benefits from direct frontage to the Union Canal towpath, and to Fountainbridge, and is accessed from a road shared with the Edinburgh Quay development. Demolition has been completed, and the site has been cleared with the exception of a quantity of crushed material. The site has been hoarded and secured. Further information on site access, servicing and condition are available on request.

TITlE
The site benefits from a valid marketable title unencumbered by any leases. Further information is available in the Information Pack.

RESIDENTIAL
1 2 3 4 5 6 Quartermile West Tolcross Edinburgh Quay Fountain Court Gardners Crescent Springside

SHOrT TErm INcOmE

Licenses are in place for advertising hoardings, generating 1,250 per month. There may be scope to generate additional short term income from car parking, for example, subject to required consents and site works.

FrEEr STrEET SITE

HOTELS
1 2 3 4 Premier Inn Point Hotel Balmoral Hotel Caledonian Hotel

PlANNING
The site is zoned in the City of Edinburgh Local Plan for use as Business & Industry. It is also the subject of the Fountainbridge Development Brief which can be viewed at www.edinburgh.gov.uk. The objectives of the Brief are consistent with high quality mixed use development. The site benefits from a current Planning Consent for: 171 high quality housing units (137,329 sq ft gross internal area) 4 business space elements (81,358 sq ft net internal area) Extensive undercroft car park (133 spaces) Creation of a new pedestrian thoroughfare called Freer Street

The current planning consent is subject to Section 75 Agreements, which are also available for inspection. The full planning package is available on application, or can be viewed/downloaded at www.citydev-portal.edinburgh. gov.uk. Application reference 03/04621/ful. Details of the general planning status can be obtained by contacting City of Edinburgh Planning Department on: 0131 529 3550. The site therefore has potential for a range of uses, including office, hotel, residential, student housing, and retail & leisure, subject to obtaining necessary consents.
THIS PLAn IS FOr InDICATIvE PUrPOSES OnLy

SITE AT FrEEr STrEET FOUNTAINBrIDGE, EDINBUrGH FOr SAlE

BELFORD RD dge & North Forth Road Bri

QU EEN SFE RR Y

CHARLOTTE SQUARE
ST

REET GE ST GEOR

STOP TRAM

WAVERLEY STATION

ND MOU THE

DO UG LA SG DN S

REET ES ST PRINC

T RS TE ES CH

EDINBURGH CASTLE

T TREE KET S MAR ET MARK LAWN

N RD LOTHIA

PA LM ER ST O N

PL

PL AM ICK TR W ND A SH
OP ST

Edinburgh Airport
KET TER P HAYMAR

TRAM STOP

. W

D AN ITL MA

ST TORPHICHEN ST
DEWAR PL LANE

G IN NN CA

ST

CA ST LE TE P RR AC E

TER STON JOHN

ORT ST P WE

ET MARK GRASS

MORRISON STREET

DEWAR PL

N ISO RR MO K LIN

EXCHANGE DISTRICT

P
LAURISTON PLACE

RES RS C DNE GAR

ST REY LG EAR

P TOLLCROSS

QUARTERMILE

Y LR DA

AD P GE RO BRID CH AIN A UNT O FO EDINBURGH PR AP QUAY T P RK ES PA W IN w TA E go PLAC as UN ORE Gl FO AL GILM 8& AN T M EE NC TR IO ES R UN VIEWFORTH DE TE LE UN D VIL AN GR POLWARTH
AD RO
H RT FO W VIE

LEVE N ST

T VE S GRO

ON NT PO

ST

HOME ST
ME The South A1 LVI LLE DR

THE MEADOWS

BRUNTSFIELD

Bus Routes ProposedTram Route

POTENTIAl
The Freer Street site is in a location sought after by a range of commercial and residential users, due to the nature of surrounding developments, the immediate environment, and accessibility to amenities. Whether pursuing the existing planning consent, or redesigned to make best use of the sites features, it offers the opportunity to develop in one of Edinburghs most vibrant central locations.

VIEwINGS AND FUrTHEr INFOrmATION

The site is secured, and therefore access onto the site should only be by appointment with the sole selling agent. However, a clear impression of the site can be gained externally. The Information Pack can be downloaded from the website, subject to receipt of the necessary passwords which are available from the selling agent. For all viewings and information, please contact: James Thomson Email: james.thomson@dtz.com DDI: 0131 222 4545 Alastair Marshall Email: alastair.marshall@dtz.com DDI : 0131 222 4557

BASIS OF SAlE
The property is offered For Sale, with the benefit of the existing planning consent. Offers should be submitted to purchase on an unconditional basis, subject only to standard due diligence. All offerers should take full account of the information available through the Information Pack, and acknowledge that this information has been taken into account in making offers. The sale will be subject to vAT.

www.FrEErSTrEETEDINBUrGH.cOm

The Agents for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of the Agents has any authority to make or give any representations or warranty whatever in relation to this property. FEBRUARY 2009.