Commercial Investment / Land Opportunitywith Development Potential for a Range of Uses

For Sale as a Whole or Individually in Four Lots

TOWER MAINS LIBERTON EDINBURGH EH16 6AE

• Unique commercial investment / development opportunity in popular Edinburgh commuter suburb:

- Lot 1: Traditional six-bedroom farmhouse with two-bedroom annexe flat

- Lot 2: Approx. 14,632 sq ft NIA steading office / educational investment with potential for re-development, subject to consents

- Lot 3: Barn with planning permission for six residential flatted units

- Lot 4: Approx. 2.6 acre (1.03 ha) undeveloped site with potential for development, subject to consents

• Attractive semi-rural yet convenient location off a main arterial route into central Edinburgh

• Single vehicular access and surrounding open space provides the potential to create a ‘village’ setting over a total of approx. 4.3 acres (1.75ha)

• Potential for residential, care home, institutional, educational, commercial and / or other uses, subject to consents

• Information CD available

0131 222 4500

www.dtz.com

INTRODUCTION Tower Mains is an attractive collection of properties / land set in Liberton, a popular commuter suburb of south Edinburgh. The proximity of site to the city centre presents a rare opportunity to create a unique ‘village’ atmosphere off a single private access. The retained sandstone former farm buildings provide an ambiance in keeping with the semi-rural location and maintain the heritage of the site. Situated off one of the main arterial routes into Edinburgh (A701) the location of Tower Mains combines the benefits of an outlook over open fields with convenient accessibility into the city centre. The site is available as a whole or in individual lots (see plan adjacent):

• Lot 1: Traditional six-bedroom farmhouse with two-bedroom annexe flat

• Lot 2: Steading office / educational investment with potential for re-development, subject to consents

• Lot 3: Barn with planning permission for six residential flatted units

• Lot 4: Approx. 2.6 acre (1.03 ha) undeveloped site with potential for development, subject to consents

The site extends to a total of approx. 4.3 acres (1.75 ha) and presents the opportunity for continued residential (Lot 1) and commercial (Lot 2) use or redevelopment over the whole site for a range of uses including residential, care home, institutional, educational, commercial or other uses, subject to consents.

To the east of Tower Mains are established residential properties along Liberton Brae and Braeside House care home. To the south / west / north are open fields. The site is located around two miles south of Edinburgh city centre in Liberton, an established and popular residential suburb. The site is within easy access of the city ring road linking to the A1 to the east and M8 / M9 to the west. It is well served by public transport and local amenities. Within easy reach are a selection of primary and secondary schools, The Kings Buildings (Edinburgh University), The Royal Infirmary and Cameron Toll Shopping Centre. The Pentland Hills lie to the south with several well known golf courses in close proximity.

Edinburgh is Scotland’s Capital, a World Heritage Centre and internationally renowned tourist destination. The local / regional economy benefits from the city’s role as a major administrative (Scottish Government / Parliament), business (insurance, financial services, banking) and educational (University of Edinburgh, Heriot Watt, Napier and Queen Margaret Universities) centre with a population of around 495,360 (NRS, mid-2011). Edinburgh has excellent road infrastructure linked directly to the central belt motorway system. Railway stations at Waverley and Haymarket provide regular services to local stations, Glasgow and south to England. Edinburgh International Airport provides direct flights to destinations throughout the UK, Europe and beyond.

Commercial Investment/ Land Opportunity with Development Potential for a Range of Uses

One Edinburgh Quay133 Fountainbridge

Edinburgh, EH3 9QGPhone: +44 (0)131 222 4500

Fax: +44 (0)131 222 4501Email: info@dtz.com

0131 222 4500

LOT 1: 18 LIBERTON BRAE• Traditional six-bedroom farmhouse with two-bedroom annexe flat

• Imposing 19th century property in elevated position

• Panoramic views north across Edinburgh

• Set in 0.6 acre (0.25 ha) grounds with ornamental pond

• For sale individually via Hunters Residential (0131 447 4747)

• EPC = E

• Offers around £1.1m

DESCRIPTION

18 Liberton Brae is a category B listed former farmhouse built in the early 19th century, when it formed part of Liberton Tower Mains, one of the many farms established in the rich agricultural lands of Midlothian. Situated very much in the heart of Edinburgh this imposing building is an example of the three-bay rectangular plan classical farmhouse with single storey extensions to east and west. Access is initially from Liberton Brae, via a driveway which then branches off to a stone chipped driveway flanked on either side by mature trees and leading to a large turning and parking area to the front of the house. If sold individually Lot 1 will be granted full rights of access over the private road to Liberton Brae which is being sold with Lot 4. The house sits centrally within the formal mature gardens and its elevated position ensures that you are able to enjoy panoramic views across Edinburgh to Arthur’s Seat and beyond to Fife. Entered via an imposing wooden door, on the ground floor, the spacious hallway leads you through to the drawing room with windows on both north and west elevations, solid wood flooring, and having as its focal point, a marble fireplace with marble inlay and hearth. There is a corner cupboard with a half glass door and a matching door from the drawing room leads to an inner hallway to the rear of the house. From there a second door leads to a useful utility space whilst a third door takes you through to the very generous kitchen/dining room with a small selection of wall and base

units and contrasting work top, electric cooker and patio doors leading to the side gardens. From the kitchen double sliding glass doors lead through to a substantial L-shaped sun lounge with further dining/living area. This room also has double glass doors leading to the side garden. The room is bathed in sunlight courtesy of the large corner windows and glass cupola with electric retracting blinds. You also have access from this room to the rear garden area and ornamental pond to the east of the house. Also situated off this spacious room is a useful cloakroom and the ground floor accommodation is completed by the office forming the west wing of the house. The current owners have utilised the high ceiling space in the office by creating a mezzanine. The picture window in the office affords you panoramic views across Edinburgh to the north.

The sweeping stone carpeted staircase benefits from a large stained-glass window at half landing and leads you to the first floor accommodation currently comprising four double bedrooms, a large bathroom with white three piece suite and separate corner shower unit and a second large partially tiled shower room with toilet and wash basin. The second floor comprises two large double bedrooms with coombed ceilings and low level windows and a small kitchen with white base units housing a stainless steel sink and electric hob, a washing machine and a refrigerator. The property benefits from two gas central heating systems.

The garden areas to the front, side and rear offer a variety of uses featuring a large ornamental pond to the rear of the property, areas of lawn and decking and an abundance of mature bedding plants, small and mature trees. There is also a large double garage with a pit to the rear of the property and 2 substantial outhouses to the side that are ideal for storage.

Currently the ground floor on the east side of the main house have been sectioned off to form a self contained granny flat comprising an entrance porch, hallway, a generous and sunny sitting room to the front, double bedroom to the rear, second single bedroom, a shower room and a fully fitted kitchen with back door. The granny flat also benefits from gas central heating system. The process of re-absorbing the granny flat into the main building would be simple and inexpensive.

FURTHER INFORMATION

Please note an Information CD is available from DTZ containing: · Home Report· Floorplans· Hunters Residential Brochure· Title Information

www.dtz.com

DESCRIPTION

The office development is a steading conversion comprising ‘B’ listed stone buildings with slated roofs. Located to the west of the wider Tower Mains site the accommodation is separated into 11 units as per the adjacent table.

All the tenanted units are used as office accommodation apart from the Edinburgh Montessori Arts School (Unit N) which is in educational use. The buildings provide accommodation over the ground floor with some of the units incorporating first floor space. The open plan space is light and airy throughout with some rooms having internal partitioning. There is on-site parking within the site boundary.

Occupiers are all on short-term leases apart from the Edinburgh Montessori Arts School whose lease is until 2031. Full lease information is available on the Information CD.

PLANNING The site is identified by the adopted Edinburgh City Local Plan (2010) and Edinburgh Local Development Plan (Proposed Plan) as ‘green belt’. Relevant Local Plan Policy (Env 10 - Green Belt) notes that within the Green Belt development will only be permitted: where the proposal is for the change of use or small scale extension of an existing building, particularly a building of architectural or historic merit, provided that any proposed extension or ancillary development would not be detrimental to the character or appearance of the Green Belt where related to an existing non-conforming use or building in the Green Belt and provided the proposal is appropriate in type, scale and design to the existing building and not detrimental to the character or appearance of the Green Belt.

The property is category B listed (Ref: 30305).

Please note an Information CD is available from DTZ containing:

• Lease information• Title information

LOT 2: TOWER MAINS STUDIOS• Attractive space within a number of converted steading buildings

• A total NIA of approximately 14,632 sq ft over a number of buildings

• Potential for re-development, subject to necessary approvals and consents

• Offers invited

0131 222 4500

DESCRIPTION

The disused sandstone barn is located to the south of the steading buildings (Lot 2) on the western boundary of the wider Tower Mains site. If sold individually the barn with be provided with full rights of access to Liberton Brae through the Tower Mains site. If sold individually land to the north, east and south of the barn will be allocated as part of the sale to permit development and provide car parking spaces – proposals should therefore indicate land requirements needed in addition to the barn building (outlined adjacent) to permit the proposed use.

PLANNING

The barn has current consent for Class 4 use by default as it has been in this use for over 10 years. The barn also has planning consent for six residential flatted units via two planning applications (below). The proposals involve the change of use of the barn from Class 4 to residential through the erection of a metal-framed glazed infill to enclose the existing open barn structure.

Reference: 13/01726/FUL

Description: Change of use of the upper floor from office / workshop to residential

Validated: 13/05/2013

Status: Application granted - 19/07/2013

Reference: 13/03753/FUL

Description: Change of use of the ground floor from class 4 to residential

Validated: 09/09/2013

Status: Application granted – 30/10/2013

The property is category B listed (Ref: 30305).

FURTHER INFORMATION

Please note an Information CD is available from DTZ containing:

• Planning Information – 13/01726/FUL• Planning Information – 13/03753/FUL• Title Information

LOT 3: FORMER BARN BUILDING • Planning permission for six residential flatted units

• Full access rights and car parking land provided, if sold individually

• Offers invited

DESCRIPTION

The approx. 2.6 acre (1.03 ha) greenfield landholding is situated to the east of the wider Tower Mains site. Open fields are found to the north and south while the remaining three Lots for sale are to the west. To the east are established detached houses on Liberton Brae. Access is taken from the north of the site from Liberton Brae. The site slopes from south to north. If sold individually the purchaser of Lot 4 will be required to provide rights of access along the road from Liberton Brae to the remaining Lots.

Site Investigations – A Phase 1 Environmental and Geotechnical Risk Assessment has been produced by WSP Environmental Ltd. A Habitat Survey has been produced by WSP Environmental Ltd with no protected and/or notable species recorded during the survey.

Access – A Transport Statement has been produced by SKM Colin Buchanan which reviewed the current access from Liberton Brae. The viability of a notional capacity of 29 residential units at the wider site (all 4 Lots) was assessed. It was concluded that development of this nature and size would be supported by local policy and be accessible by a range of modes with a site access being able to be provided that meets the standards set out in Designing Streets and Home Zone Design Guidelines.

PLANNING

The site is identified by the adopted Edinburgh City Local Plan (2010) and Edinburgh Local Development Plan (Proposed Plan) as ‘green belt’. Given the site’s current planning designations there may be potential for development as:

- The site is limited in scale and situated between two already developed areas.

- The site is suitable for low density, high quality development given its characteristics and excellent accessibility via existing walking, cycling and public transport links.

- The site supports development in-keeping and sympathetic to the local area.

- Development would create a natural and defensible boundary to further green belt development.

- The land is in the South East Edinburgh Strategic Development Area as identified by the SESplan.

- The emerging LDP and new Supplementary Guidance will likely be required to identify additional housing land given anticipated SESplan recommendations.

FURTHER INFORMATION Please note an Information CD is available from DTZ containing:

• Phase 1 Environmental and Geotechnical Risk Assessment - WSP Environmental Ltd

• Extended Phase 1 Habitat Survey - WSP Environmental Ltd• Transport Statement - SKM Colin Buchanan• Title Information

www.dtz.com

LOT 4: EASTERN LANDHOLDING• Approx. 2.6 acre (1.03 ha) undeveloped site

• Located in established commuter suburb

• Potential for residential, care home and other

uses

• Offers invited

May 2014

IMPORTANT NOTICEDTZ, a UGL company gives notice to anyone who may read these particulars as follows:1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract.2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact.3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order.4. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the

photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs.5. Any areas, measurements or distances referred to herein are approximate only.6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be

verified by any intending purchaser.7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statemen.

TOWER MAINS, LIBERTON, EDINBURGH, EH16 6AE

TITLE PLAN A title plan will be prepared which will become a taxative plan for sales purposes. Only indicative boundaries are provided and should not be relied upon.

OFFERS The heritable interest (freehold) in the subjects is offered for sale.

Vacant possession is offered on all Lots apart from the tenanted office accommodation in Lot 2.

• Offers around £1,100,000 are invited for Lot 1 only

• Offers are invited for the subjects as a whole / combinations of Lots / individual Lots (apart from Lot 1) only

Offers for the whole (Lots 1, 2, 3 and 4 together) will be preferred.

Given the planning status of the site offers clean of planning conditionality are preferred and will be allocated a positive weighting in the bid assessment process compared to bids subject to further planning approvals.

Given the site information available, offers net of determined abnormal cost deductions are preferred and will be allocated a positive weighting in the bid assessment process, compared to bids subject to undetermined abnormal cost deductions from the headline price.

The owner reserves the right to sell the subjects without reference to any other party.

Bids should be submitted in the usual Scottish legal form directly to the sole selling agent:

DTZOne Edinburgh Quay133 FountainbridgeEdinburgh, EH3 9QG

Sale is via informal tender and submissions should include:

• Bidding party name / synopsis of area of business and past experience

• Price and method of payment

• Proposed timescales and schedule of actions required for full settlement / payment

• Planning statement, proposed total unit numbers, total sales area and development layout if offer subject to planning permission

• The access road from Liberton Brae will be sold with Lot 4. If other Lots (1, 2 and / or 3) are sold to a different purchasers then this party will be granted full rights of vehicular access from Liberton Brae. Offers for Lots 1, 2 and / or 3 should acknowledge the acceptability of this position and acceptance of a shared maintenance responsibility for the road. Offers including Lot 4 but excluding another Lot should acknowledge the acceptance of this right and make clear any proposals which may alter this access route from Liberton Brae to other Lots.

• Overage payments details - bid assessment will allocate a positive score to bids incorporating these provisions

• Conditions of purchase

• Deposit details

• Board or other required third party approval details

• Proof of funding

• Legal representative details

Interviews / a second closing date for shortlisted parties may be required if further bid information is required and / or differentiation of initial bids submitted is required.

Strict timetables regarding agreed dates of entry will be observed. VIEWINGS AND FURTHER INFORMATION

Parties should note interest with DTZ in the first instance in order to be kept informed of any closing date set and receive further information.

Given the current residential, educational and commercial uses continuing on the private property all viewings will be strictly by appointment only and accompanied at all times. To arrange a viewing please contact DTZ only.

An information CD is available to interested parties.

To arrange a viewing or obtain further information please contact:

Richard Cottingham Email: richard.cottingham@dtz.comTel: 0131 222 4636

Justin Beveridge Email: justin.beveridge@dtz.comTel: 0131 222 4521