1 Melville Park 2,633 sq ft 100% Let Office Property Newbridge EH28 8PJ £380,000 (£144.32/sq ft) 8% Net Initial Yield

Self-contained office pavilion with 15 Parking Spaces Fitted out for use as testing laboratory Entirely let to veterinary service business 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.
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%) 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%. 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.