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39-41 Melville St
Edinburgh EH3 7JF
Office Property For Sale
Investment Highlights
- Outstanding Double Townhouse Office Investment Opportunity.
- FRI lease (subject to a Schedule of Condition) to Vegware Ltd expiring November 2027.
- 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.
- Flexible accommodation with several future letting options including multiple occupancy (full townhouse, floor by floor lettings).
- 11 Car Parking Spaces Plus 4 Covered Spaces.
- Creditsafe Rating of 93 'A' - Indicating 'Very Low Risk'.
- Attractive NIY of 6.49%.
- Strong underlying residential value and development potential (subject to planning).
Property Facts
Property Type
Office
Building Size
7,972 SF
Building Class
B
Year Built
1825
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,993 SF
Building FAR
3.62
Lot Size
0.05 AC
Amenities
- Storage Space
- Demised WC facilities
- Partitioned Offices
1 of 1
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