A site with detailed planning consent for a new office scheme on Edinburgh’s Royal Mile has been put up for sale by developer Summix Capital.
The site at 179 Canongate, which is being marketed by Knight Frank, can also be secured on a pre-let agreement or a turnkey acquisition, in which Summix revealed it would develop the property to then sell to an occupier upon completion.
The proposed building has been designed by 3DReid to complement its surroundings, including the A-listed Canongate Kirk and Tolbooth. It will offer 20,000 sq ft of space over four floors.
179 Canongate sits adjacent to the 7.5-acre New Waverley development. The mixed-used scheme will be the new home of HMRC in Edinburgh and offers a combination of residential, hotel, leisure, and office space.
Toby Withall, office agency partner at Knight Frank said, “3DReid has gone to great lengths to create an office building that captures the character of the area, retaining part of the façade while creating a very attractive office space which will be flooded with natural daylight. Sustainability is at the heart of the development, with the re-use of existing fabric and inclusion of extensive cycling facilities among other measures.”
Stuart Black, development director at Summix Capital added, “We are incredibly excited to be progressing this project through to the next stage of development. Located at the very heart of Edinburgh this prime property is in a highly-accessible location with particular provision for co-working. The contemporary flexible nature of the space available means that it is highly-adaptable, especially relevant given the current economic environment. It can be secured on a pre-let agreement or a turnkey acquisition, in which we would develop the property to then sell to an occupier upon completion.”