The subject property comprises substantially vacant land which forms part of The Forthquarter regeneration area. Landowner National Grid Property has undertaken an extensive programme of site clearance and remediation, and has initiated a mixed use redevelopment including residential, offices, retail, leisure, and education. The remaining land is a prime development opportunity in the busy Granton Waterfront development zone, which is currently experiencing wide ranging regeneration.
The Forthquarter site is an exceptional opportunity to secure a strategic land holding in one of the areas best positioned to respond to Edinburgh’s high demand for housing, which envisages the need for a further 3,526 households per annum until 2035.
There is a Category B listed gasholder on the site requiring repair at an estimated cost of £11.8 million as part of any development of the site. The vendor is willing to sell the site to a Restoring Purchaser, who will meet the obligations associated with the gasholder.