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Hotel Development Opportunity, 10 Picardy Place, Edinburgh, Scotland, EH1 3JT

£3,500,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Commercial development for sale

Key features

  • Ideally Situated in Edinburgh City Centre
  • Strongest UK Hotel Market Outside London
  • Apartment Hotel - 51 Lettable Bedrooms
  • GIA - 21,568sq.ft
  • Planning Application (Ref: 23/01789/FUL)
  • EPC Rating C
  • Christie & Co Ref: 5245042

Description

Description

A Planning Application (Ref: 23/01789/FUL) has been submitted for the creation of a new apartment hotel comprising 51 lettable bedrooms ranging in size from 19sq.m to 26sq.m.

The bedrooms will be located across lower ground floor to fourth floor, with plant and back of house accommodation located in the lower ground floor level.

Location

10 Picardy Place is conveniently located in the heart of Edinburgh, one of the strongest hotel markets in Europe. The property is prominently situated in the city centre on Picardy Place, less than a five minute walk to Princes Street, George Street and Queen Street.

The property benefits from excellent accessibility, conveniently located a five minute walk to Edinburgh Waverley train station and opposite Picardy Place tram stop, which allows travel to and from Edinburgh Airport and Newhaven. Located within a couple minutes’ walk to St James’ Quarter shopping centre, Omni Leisure Centre and Edinburgh Playhouse, which is billed as Edinburgh’s Broadway.

The immediate surrounding area offers a great mix of shops, restaurants and bars. Nearby hotels include The Glasshouse, The W Edinburgh, Holiday Inn Express, Premier Inn, and Hotel Indigo.

Internal Details

Gross Internal Floor Areas calculated as:

LGF 361.00sq.m / 3885.00sq.ft
GF 340.00sq.m / 3659.00sq.ft
1F 341.00sq.m / 3670.00sq.ft
2F 338.00sq.m / 3638.00sq.ft
3F 321.00sq.m / 3455.00sq.ft
4F 303.00sq.m / 3261.00sq.ft

TOTAL 2004.00sq.m / 21,568.00sq.ft

This excludes the internal courtyard and front basement.

Energy Performance Certificates

EPC 1

Brochures

Hotel Development Opportunity, 10 Picardy Place, Edinburgh, Scotland, EH1 3JT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Edinburgh Waverley Station0.4 miles
  • Haymarket Station1.4 miles
  • Slateford Station3.0 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5245042-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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