Two Office Lettings in Quick Succession at 35 Melville Street
04 March 2009
Acting on behalf of the landlord, Melville Street Developments, Ryden has secured two new tenants in quick succession at 35 Melville Street, Edinburgh.
Highland & Universal Securities Ltd has taken the first floor, extending 1,035 sq ft, on a flexible 5-year lease with a 3-year break option, whilst the 911 sq ft second floor office suite has been let to Voluntary Health Scotland, again on a flexible 5-year lease with a 3-year break option.
The ground, first and second floors within the main office building along with the rear mews building became vacant in October 2008. The vacant space was subsequently refurbished, with the works just completing prior to these lettings.
Iain Taylor, Senior Surveyor at Ryden, said: “The ability of our client to act swiftly after the building became vacant with a good quality refurbishment, coupled with a flexible approach to re-letting the vacant accommodation, has enabled us to secure two occupiers within a matter of days of the completion of the refurbishment works.”
He added: “With the rear Mews also under offer, we now only have the 750 sq ft ground floor suite remaining, which is available at a quoting rental of £18.50 per sq ft, and interest levels are encouraging, despite the challenging climate.”
Ryden represented Melville Street Developments Ltd jointly with Edinburgh Commercial Property. Montagu Evans acted for Highland & Universal Securities and Voluntary Health Scotland was self-represented.
