FOR SALE / MAY LET - Montagu Evans
FOR SALE / MAY LET Cornerstone House, 2-4 Melville Street Edinburgh, EH3 7NS Three high quality self-contained office suites available (may be suitable for residential conversion) 1,469 - 4,741 Sq Ft (NIA)
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LOCATION
Cornerstone House is situated within the heart of Edinburgh’s West End on the south side of Melville Street at its junction with Queensferry Street. The location provides occupiers with a prominent business address within easy access of the city’s main retail thoroughfares with the West End area also providing a range of restaurant/leisure amenities. The immediate surrounding area is well served by public transport including the tram network with the nearby streets of Shandwick Place and Queensferry Street providing access to main arterial routes throughout the city. The newly re-developed Haymarket railway station hub is within a five minute walk of the property.
FLOOR PLANS 3rd Floor West 1,469 Sq Ft
DESCRIPTION
Cornerstone House comprises a corner block at the east end of Melville Street offering bright refurbished office suites (that may convert well to residential subject to planning) situated on the second and third floors accessed via a common stairwell. The suites offer an attractive open configuration with good size meeting rooms as well as dedicated WC’s and kitchen facilities and benefit from a good levels of natural light. The 2nd & 3rd floor west suites also benefit from an internal staircase and as such can be offered as a single self-contained unit comprising up to 3,184 Sq Ft of accommodation. The subjects have a gas fired central heating system and door entry system as well as floor boxes for ease of cable management.
3rd Floor East 1,557 Sq Ft
ACCOMMODATION
In accordance with the RICS Code of Measuring Practice (6th Edition), the available suites comprise the following net internal area: Second Floor (West)
1,715 Sq Ft
(159.3 Sq M)
Third Floor (West)
1,469 Sq Ft
(136.5 Sq M)
Third Floor (East)
1,557 Sq Ft
(144,7 Sq M)
TERMS
The offices are available for sale for offers in excess of: Second Floor (West)
£310,000 excluding VAT
Third Floor (West)
£265,000 excluding VAT
Third Floor (East)
£287,000 excluding VAT
EXISTING LEASES
The second floor suite is currently leased to Max Fordham until 26th May 2015, the third floor west suite is currently leased to First Port Ltd. until 27th Oct 2015 and the third floor east suite is let to Columba 1400 until August 2015. Vacant possession would therefore be available from the expiry of the respective leases. Alternatively, the landlord may consider new leases to satisfactory office occupiers. Further details are available from the joint letting agents.
main office areas toilets
2nd Floor West 1,715 Sq Ft
RATEABLE VALUE
From the Scottish Assessors Website the subjects have rateable values of £27,600 (2nd Floor), £19,500 (3rd Floor West) and £21,100 (3rd Floor East) respectively.
VAT
The property is VAT elected.
FURTHER INFORMATION
For further information or to arrange a viewing, please contact the joint selling/letting agents. Montagu Evans E: [email protected] E: [email protected] Jones Lang LaSalle E: [email protected] E: [email protected]
The owner of the property does not make or give and neither Montagu Evans, nor Jones Lang LaSalle nor their employees have authority to make or give any representation or warranty whatever in relation to this property. These particulars are believed to be correct and where practicable, reasonable steps have been taken to ensure their accuracy, but this cannot be guaranteed and the particulars are expressly excluded from any contract. Montagu Evans and Jones Lang LaSalle and their employees accept no responsibility for information supplied to them by the owner or by any third party. Date of preparation September 2014.
INV
ER LE I TH RO
AD
IG ST RE ET
h Le i t
K AL
ST
W
T N O
H IT
EM
LE
EA
ST
CL
AR
W RO EL
M ST AN
HAN
AD RO TER
VIEW FROM THE PROPERTY
CE ST JAMES CENTRE
CALTON HILL
RE
D REGENT R TH NOR
R ST
T
ND
K
PL
GR
TORPHICH E N ST
L SEMP
ST
TT TTRREEEE RS SS MBBEE CCHHAAM
TRAM ROUTE
AR ST LEONN
AW SO N
ARKET
ET STRE LSON
BREAD ST
RT WEST PO
SM
NICO
LA DY L
AS
I DG E
LE
ST
CE SAN PLEA
ST CA
R IV B RGE
Edinburgh Castle TE RR
ATE
OO LYR HO
GEO
IC
ISH TT T CO EN E S AM TH ARLI P
GE
ONG CAN
MOU
DW
HOLYROOD PALACE
CALTON RD
BRID
rley Wave on Stati
THE
PRIN
E STRE CES
RD
DR EW
SQUA
OVE
ET TRE
DON
EAS
H EP
ST
ET
CU
RE
ST
ST
CIR
AD
N
ST
A K PL
ET STRE HIG H
M ORRISON ST
Haymarket Station
K ST
N HA
ROAD
AI
RE
EET
S
T LE S
AN
M
ND
ROSE
STR
ST
ST
S
A TL
RGE
E RIC
L
FRED
VI EL
GEO
TLE
T TH IS
LO T H I
M
T LE S
ET
CAST
RE
ST
ET
TH IS
LO N
N
NE
ST
AND
YO R
ST
ST
TO
A R L
EN
DON
GH
TE
ER
ERL
E ST
ES
CH
T ES
LE
SQUA
ST
MB THU
E STR
N T LO
OU
UC
HOW
G LO
AE
LOTTE
RR
NOR
IN G
ST
E
T ST
AV
BR
HE
CHAR
YS CORNERSTONE T HOUSE
AT K
ROW R I OT
HILL
NS FE
D ST
Bus Station
QUE
QU EE
LAN
DA S
GRE
CEN
TH
T
BER
EAS
BR
CUM
ET
DUN
ON P
LANE
IN ST V
RM
AN
EN
S
RE
IO
E
LEA DE
K AR
CR
C ES
ST
EN
ST
ROW
ES FETT
AC
EY
UN
RN P L
N
RO
RAEBU
E
ROW
LD
BANK
D HEN
N RSO
D
CE
N ST
C O M E LY
GRANGE CRICKET C LU B
PLA
E EYR
NA
BRANDO
G LE N O G LE R O A D
TO N R D
O
BROUG H RO
CD
of
N
M
Wa t er
R
TO
LR
W WA
S RI
PI
RO
ROYA L B OTA N I C GARDENS
D OA DR
LOCATION
Cornerstone House is situated within the heart of Edinburgh’s West End on the south side of Melville Street at its junction with Queensferry Street. The location provides occupiers with a prominent business address within easy access of the city’s main retail thoroughfares with the West End area also providing a range of restaurant/leisure amenities. The immediate surrounding area is well served by public transport including the tram network with the nearby streets of Shandwick Place and Queensferry Street providing access to main arterial routes throughout the city. The newly re-developed Haymarket railway station hub is within a five minute walk of the property.
FLOOR PLANS 3rd Floor West 1,469 Sq Ft
DESCRIPTION
Cornerstone House comprises a corner block at the east end of Melville Street offering bright refurbished office suites (that may convert well to residential subject to planning) situated on the second and third floors accessed via a common stairwell. The suites offer an attractive open configuration with good size meeting rooms as well as dedicated WC’s and kitchen facilities and benefit from a good levels of natural light. The 2nd & 3rd floor west suites also benefit from an internal staircase and as such can be offered as a single self-contained unit comprising up to 3,184 Sq Ft of accommodation. The subjects have a gas fired central heating system and door entry system as well as floor boxes for ease of cable management.
3rd Floor East 1,557 Sq Ft
ACCOMMODATION
In accordance with the RICS Code of Measuring Practice (6th Edition), the available suites comprise the following net internal area: Second Floor (West)
1,715 Sq Ft
(159.3 Sq M)
Third Floor (West)
1,469 Sq Ft
(136.5 Sq M)
Third Floor (East)
1,557 Sq Ft
(144,7 Sq M)
TERMS
The offices are available for sale for offers in excess of: Second Floor (West)
£310,000 excluding VAT
Third Floor (West)
£265,000 excluding VAT
Third Floor (East)
£287,000 excluding VAT
EXISTING LEASES
The second floor suite is currently leased to Max Fordham until 26th May 2015, the third floor west suite is currently leased to First Port Ltd. until 27th Oct 2015 and the third floor east suite is let to Columba 1400 until August 2015. Vacant possession would therefore be available from the expiry of the respective leases. Alternatively, the landlord may consider new leases to satisfactory office occupiers. Further details are available from the joint letting agents.
main office areas toilets
2nd Floor West 1,715 Sq Ft
RATEABLE VALUE
From the Scottish Assessors Website the subjects have rateable values of £27,600 (2nd Floor), £19,500 (3rd Floor West) and £21,100 (3rd Floor East) respectively.
VAT
The property is VAT elected.
FURTHER INFORMATION
For further information or to arrange a viewing, please contact the joint selling/letting agents. Montagu Evans E: [email protected] E: [email protected] Jones Lang LaSalle E: [email protected] E: [email protected]
The owner of the property does not make or give and neither Montagu Evans, nor Jones Lang LaSalle nor their employees have authority to make or give any representation or warranty whatever in relation to this property. These particulars are believed to be correct and where practicable, reasonable steps have been taken to ensure their accuracy, but this cannot be guaranteed and the particulars are expressly excluded from any contract. Montagu Evans and Jones Lang LaSalle and their employees accept no responsibility for information supplied to them by the owner or by any third party. Date of preparation September 2014.
