Self-contained office pavilion with 15 Parking Spaces
Fitted out for use as testing laboratory
Entirely let to veterinary service business
Summary
- Strategically positioned commercial location
- Accessible situation with easy connectivity to M8 / M9 motorways
- Highly Reversionary -historically set passing rent equates to just £11.96 / ft2
- Offers over £380,000, represents attractive NIY of 7.97 % rising to 8.48 % (allowing purchasers costs of 3.97%)
Location
Melville Park is situated just off Cliftonhall Road less than 1 mile from the main Newbridge Junction 1 of M8 / M9 / A89. From this location, approximately 90% of Scotland’s population can be reached within 1.5 hours drive.
Nearby occupiers include Howdens, Wolseley Plumb & Parts, Enva and Clifton Trading Estate. The property lies adjacent to the consented Turnhouse Court site, forming a future phase of the wider Northern Trust “Turnhouse Court” development. The proposed scheme is expected to further strengthen the established commercial profile of the location over time.
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Mainline Stations
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Kirknewton57 mins
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Uphall66 mins
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Edinburgh Gateway73 mins
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Dalmeny79 mins
Underground Station
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Chesham6054 mins
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Amersham6095 mins
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Chalfont and Latimer6115 mins
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Chorleywood6145 mins
Further Information
Price Offers in excess of £380,000
Rates Payable £14,342.40 per annum
Service Charge n/a
Description
The property comprises a modern 2-storey office pavilion set in attractive landscaped grounds with a private car-park for 15 vehicles.
Currently configured with a large open-plan lab / office at ground floor with two individual offices / meeting rooms to the rear, plus a kitchen, shower-room and male & female WC’s accessed from the communal entrance lobby.
At first floor, there are 3 offices, although the floorplates offer easy reconfiguration if desired. A tea-prep area is also situated upstairs.
Terms
We are instructed to seek offers in excess of £380,000, subject to VAT. A purchase at this level represents an attractive net initial yield of 7.97%, rising to 8.48% over the remainder of the lease (allowing purchasers costs at 3.97%.
Tenancy
The property is fully let on FRI terms to Poultry Health Services Limited (Co. Number 04161083) for 10 years until 26 August, 2030. The tenant did not exercise their break option in 2025.
The tenant utilizes the property as laboratory and office space as their sole Scottish location.
The current rent passing is £31,500 pa and rises by increments of £500 each August.
Poultry Health Services Ltd are an innovative, forward-thinking veterinary service for the specialist commercial poultry and gamebird industry across the UK. They are owned by Vetpartners Goup Limited (Co. No. 10026937) who had a reported turnover of £870.3 million, and Adjusted EBITDA of £168.7 million for the year to 30 June, 2025.
Viewings
Strictly by prior arrangement with the sellers agent.
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