3-11 Melville Street, Edinburgh

Lismore Real Estate Advisors have advised Knight Property Group on the sale of 3-11 Melville Street, Edinburgh.

The property comprises 5 adjacent Victorian townhouses, located in Edinburgh’s West End, extending to a total NIA of 17,791 sq ft together with 9 car parking spaces.  The townhouses are let to Johnston Carmichael and Eversheds Sutherland LLP with a combined annual rent of £506,274 per annum.

The property was purchased by an overseas private family office for a price of £9.85m, reflecting a net initial yield of 4.82%.