• submit a release / subscribe »

J&E Shepherd Chartered Surveyors has sold a prime town house investment with redevelopment potential in Edinburgh for more than £1.23 million to a private investor.

The property, at 49 Melville Street, is located in the heart of Edinburgh’s West End Office district and is regarded as one of the most prestigious addresses in the City. The subjects are well located on the north side of the street, between the junctions of Walker Street to the east and Manor Place to the west.

David Maxwell, Commercial Surveyor, at J&E Shepherd said, “Providing easy access to Princes Street and the associated retail facilities, as well as Haymarket and Waverley Stations and the Exchange Financial District, this property represented a rare opportunity to secure a high quality, income producing office premises in a prime location with asset management, owner occupation and development potential.”

The three storey and lower ground floor mid terrace building of solid stone construction, is currently on lease to AWG Shelf 11 at a passing rental of £64,000 and has been sublet to government-funded Project Scotland.

J&E Shepherd, one of Scotland’s leading firms of chartered surveyors, valuers, property agents and managers, has been established for over 125 years and operates from a network of 28 offices throughout Scotland and over 75 locations throughout England and Wales. The firm offers a multi disciplinary property service to include valuation, sales and lettings, building surveying, rent reviews, development and investment consultancy, rating and property management.

ENDS

For further information please contact David Maxwell tel 0131 225 1234

Issued on behalf of J&E Shepherd by Liquorice Media tel 0141 564 8058

Date 2nd  July 08