Offers over
£3,300,000
(£413.95/sq. ft)
Office for sale39-41 Melville Street, Edinburgh EH3
7,972 sq. ft
Available immediately
About this property
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)
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.
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.
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