Property for sale in George Iv Bridge, Edinburgh EH1, £2,100,000

2,100,000.00

Offer Nr.:
65939746
Type of ad:
for Sale
Property type:
Property
Contact name:
Knight Frank - Edinburgh Sales
Phone(s):
0131 268 4062

* Freehold
12 George IV Bridge is an exceptional opportunity to acquire a collection of 7
consented serviced apartments located within the heart of the Old Town in
Edinburgh City Centre. There are six studio apartments and a two bedroom
apartment with forecasted completion in June 2024.
This property to be renovated to a high specification by Blagden Property,
presents a unique investment opportunity for the discerning investor,
appealing greatly to the central Edinburgh holiday rental market.
The apartments are all self catering, benefiting from large Victorian windows
and excellent light as well as views over George IV Bridge to the front and
Edinburgh Castle and the Grassmarket to the rear. This central location
provides an investment opportunity that returns an attractive yield all year
round. These properties have been created to provide compact, contemporary and
individual spaces in a wonderfully located position in the heart of
Edinburgh's Old Town, providing a sought - after property asset for now and into
the future. Forecasted operating incomes, costs and yields produced by Destiny
Scotland available upon request.
Situated in the heart of Edinburgh's medieval Old Town, this is a superb
location for taking advantage of all of Edinburgh's most renowned cultural
activities including Edinburgh Castle, The Military Tattoo, National Museum of
Scotland, Edinburgh Festival and the Hogmanay festivities. George IV Bridge
was formed in the early 1800's as part of Thomas Hamilton's plan for the new
Southern and Western approaches to the city. The Georgian New Town which
includes the shopping hubs of Princes Street and George Street and the city's
numerous art galleries are a short distance away. The amazing location means
that one is always on the doorstep of the city's entertainment
opportunities, with a fantastic choice of bars and restaurants in the
vicinity.
Edinburgh attracts an abundance of visitors all year round due to its culture,
beauty and business hubs. In particular, during the Edinburgh Festival in the
Summer months, these apartments are the perfect base for easy access to all
the major venues and just a minutes' walk from the Royal Mile – the festival's
epicenter. There is
plenty of walking opportunities nearby in The Meadows and Holyrood Park.
Whether you are travelling by train or plane, arriving is simple. Edinburgh
International Airport is approximately
8 miles away and Waverley Station is a very short stroll providing links to
London and Glasgow. A more central location for such an apart hotel investment
simply cannot be found.

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