Guest House for sale

Edinburgh City Guesthouse, 7B West Maitland Street, Edinburgh, EH12 5DS

Offers in Region of £800,000

Property Description

Commercial information

  • Business for sale

Key features

  • 291 sq.m / 3132 sq.ft
  • 9 letting rooms (8 en-suite)
  • Excellent transport links
  • Close to all city centre attractions
  • Excellent business/development opportunity
  • Energy Rating G

Full description

Tenure: Freehold

Description

A traditional Georgian terraced sandstone building situated in the heart of Edinburgh city. Arranged over first and second floors with a ground floor entrance vestibule, the property has recently been extended to the rear with the two-level extension providing an additional two large en-suite bedrooms.

Location

This property is situated in Edinburgh's vibrant West End, in close proximity to Haymarket train station. West Maitland Street links with Shandwick Place to the east which in turn extends into Princes Street, the principal retail street in the city. The West End of Edinburgh is extremely popular with tourists and locals with a wide variety of pubs, restaurants and cafes nearby. Haymarket station is two minutes walk from the property and it also looks over the new tram line, providing regular services to Edinburgh Airport as well as along Princes Street to the East End on York Place.

Internal Details

Entrance hall leading to main staircase that provides access to the upper floor levels. The first floor includes residents lounge, kitchen, two en suite bedrooms and a shower room off the hallway. The second floors include four en suite bedrooms and a fifth bedroom which utilises the shower room on first floor level.

Letting Accommodation

The property has historically been used as exclusive use accommodation for large groups and parties.

External Details

A small enclosed courtyard is provided to the rear, to the front of the extension building.

The Opportunity

The business is not currently trading but with the right owner / operator in place it has great potential to be successful due to its outstanding location. Business was previously generated through accommodation sales that successfully achieved a high level of business from parties and social events. Guests from all over the world can benefit from booking the hotel online and being located in the heart of Edinburgh city centre allows excellent choice for tourists including restaurants, bars, nightclubs and sightseeing. The property presents a superb business or development opportunity for someone looking to create a unique boutique hotel / apartment in a city centre location. Serviced apartments or student accommodation could also be a development option subject to suitable planning consent being granted.

Staff

The accommodation was previously operated with minimal staff, one person would check guests in and be available to collect keys. Cleaners would of course be required at changeover.

Trading Information

No trading information is available, the property is being offered with vacant possession.

Development Potential

The property has potential for development to serviced apartments or alternatively residential or student accommodation, subject to suitable planning consent being granted.

Business Rates

The rateable value is £21,800 for the year commencing April 2017.


More information from this agent

Nearest stations

  • Haymarket (0.1 mi)
  • Edinburgh Waverley (1.1 mi)
  • Edinburgh (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Haymarket (0.1 mi)
  • Edinburgh Waverley (1.1 mi)
  • Edinburgh (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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