J&E Shepherd Chartered Surveyors has sold a prime townhouse in the heart of Edinburgh’s West End office district for £1.245 million to IPA.

The property, at 55 Melville Street, regarded as one of the most prestigious addresses in the city, is a high quality office in a prime location providing owner occupation and development potential.

Ian Hannon, partner at J&E Shepherd, said, “The sale of this property provides welcome evidence of the resilience and strength of demand for prime properties in the capital.

“This attractive self-contained mid terraced Victorian Townhouse is well located on the north side of the street, between the junctions of Walker Street to the east and Manor Place to the west. The location provides easy access to Princes Street and the associated retail facilities, as well as Haymarket and Waverley Stations and the Exchange Financial district.”

The 3,743 sq ft accommodation is arranged over lower ground, ground, first, second and third floors and comprises cellular office space. In addition, there are six car parking spaces with the property.