Occupying a prominent mid-terrace position on Melville Crescent, this imposing townhouse provides an exceptional office investment opportunity within Edinburgh’s West End.
The property is arranged over lower ground, ground and three upper floors and extends to a total net internal area of approximately 5,467 sq ft. The accommodation provides a range of well configured office suites benefitting from excellent natural daylight, generous floor to ceiling heights and a wealth of attractive period features throughout.
The building has undergone a refurbishment prior to the tenant taking entry and offers high quality contemporary office accommodation including male and female shower facilities, secure internal bicycle storage and attractive staff breakout areas. The current tenant has undertaken a substantial bespoke fit out creating one of the most stylish and distinctive office environments within Edinburgh’s West End including a gym, bar and sauna facility. In addition, the property benefits from 2 secure car parking spaces located to the rear.
The property is let to Beer52 Ltd on FRI terms from 26 July 2021 until 25 July 2031 following a recently agreed lease extension.
We are instructed to seek offers in excess of £2,500,000 reflecting an attractive net initial yield of 6.02% allowing for standard purchaser’s costs based on LBTT.
