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For Sale
39-41 Melville Street, Edinburgh, EH3 7JF
Tenure

For Sale

Type

Office

Price

Offers in Excess Of - £3,300,000

Size

7,972 Sq Ft

Ref No

11380

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Property Highlights

  • Outstanding Double Townhouse Office Investment Opportunity
  • 11 Car Parking Spaces Plus 4 Covered Spaces
  • FRI lease (subject to a Schedule of Condition) to Vegware Ltd expiring November 2027
  • Creditsafe Rating of 93 'A' - Indicating 'Very Low Risk'
  • Total current passing rent of £228,000 per annum, reflecting low rental rates of £22.66 psf (No.39) and £24.90 psf (No.41) exclusive of car parking
  • Attractive NIY of 6.49%
  • Flexible accommodation with several future letting options including multiple occupancy (full townhouse, floor by floor lettings)
  • Strong underlying residential value and development potential (subject to planning)

Overview

The townhouses are arranged over lower ground, ground, first and second floors and benefit from period features throughout. Both buildings have been extensively refurbished and modernised.

To the rear are 11 clear parking spaces with access provided through a pend off Melville Street Lane. Also included in the sale are 4 lock-up garages located either side of this pend.

Nick Armstrong Image

Nick Armstrong

Partner

Kyle Wright Image

Kyle Wright

Graduate Surveyor

Peter I'Anson Image

Peter I'Anson

Partner

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