J&E Shepherd Chartered Surveyors has sold a prime town house investment
with redevelopment potential in Edinburgh for more than £1.23 million to a
private investor.

The property, at 49 Melville Street, is located in the heart of
Edinburgh's West End Office district and is regarded as one of the most
prestigious addresses in the City. The subjects are well located on the
north side of the street, between the junctions of Walker Street to the
east and Manor Place to the west.

David Maxwell, Commercial Surveyor, at J&E Shepherd said, "Providing easy
access to Princes Street and the associated retail facilities, as well as
Haymarket and Waverley Stations and the Exchange Financial District, this
property represented a rare opportunity to secure a high quality, income
producing office premises in a prime location with asset management, owner
occupation and development potential."

The three storey and lower ground floor mid terrace building of solid
stone construction, is currently on lease to AWG Shelf 11 at a passing
rental of £64,000 and has been sublet to government-funded Project
Scotland.

J&E Shepherd, one of Scotland's leading firms of chartered surveyors,
valuers, property agents and managers, has been established for over 125
years and operates from a network of 28 offices throughout Scotland and
over 75 locations throughout England and Wales. The firm offers a multi
disciplinary property service to include valuation, sales and lettings,
building surveying, rent reviews, development and investment consultancy,
rating and property management.