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Queen Street, Edinburgh, EH2

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

2

SIZE

1,182 sq ft

110 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 2 bedrooms
  • 1 reception room
  • 2 bathrooms
  • Restored
  • Town/City

Description

A top floor two bedroom apartment on Queen Street in Edinburgh City Centre. Currently this is a fully managed holiday let apartment with established short let returns makes it a very appealing investment proposition.

Investment:

Net Investment Yield: 5.91%

Managed by Destiny Scotland, The Q-Residence Apartments' revenue stream has grown steadily since the return to normality following the Covid period, proving popular with both leisure and corporate guests.

The building's occupancy rate for 2024/25 is approximately 90%, which is above average. The superb New Town location, combined with Waverley train station, the bus station, and the tram line only a few minutes' walk from the entrance, presents an opportunity for rates to increase in the future.

The Q-Residence Apartments have received an excellent score on TripAdvisor, with an average review rating of 4 out of 5, and an impressive 8.9 out of 10 on Booking.com.

The net income for Flat 4 after all operating and management costs for the 2024/25 period was £27,500. The apartments have been built to a high standard, offering a durable, low-maintenance yet stylish product. A keypad entry system allows secure access to each apartment.

Destiny Scotland, the current management agents, can provide details of previous gross and net revenue on a monthly basis, along with future projections for this apartment. All requests should be directed to Knight Frank.

The Property:

This property is part of the exceptional Q-Residence Apartments, fully managed by Destiny Scotland Limited. Accessed via the communal main door at ground level, the apartment offers a seamless blend of style and convenience.

This pristine two-bedroom apartment features a well-proportioned open-plan kitchen/living area, enhanced by large windows that provide an abundance of natural light. The layout includes a spacious principal bedroom with an en suite, a further double bedroom, and a central shower room. Ample storage space is available throughout the apartment.

Finished to an exacting standard, the fully fitted kitchen is equipped with modern appliances, including an integrated fridge, dishwasher, washer/dryer, and a range-style cooker with an induction hob. The bathrooms are equally well-appointed, featuring a shower over the bath, heated towel rails, and large mirrors.

The combination of a prime location and high-quality finishes makes this apartment an attractive investment opportunity, offering strong returns with a hands-off management approach.


Local Authority: The City of Edinburgh Council
Rateable Value: £11,200 per annum.
Owner could qualify for rates relief, subject to processional advice.
Tenure: Freehold
Net Investment Yield: 5.91%
Service Charge: Included within managed service


Queen Street boasts a prime location in the heart of Edinburgh, offering immediate access to the city's finest amenities. Nestled between the New Town's prestigious Charlotte Square and St Andrew Square, it is just a short walk from the boutiques and restaurants of Princes Street, George Street, and Multrees Walk, including Harvey Nichols and the vibrant St James' Quarter.

Beyond shopping and dining, Queen Street is conveniently close to cultural and recreational attractions such as the Royal Mile, Edinburgh Castle, the Royal Botanic Garden, the National Gallery of Scotland, and the Scottish National Portrait Gallery. The charming shops and cafés of Stockbridge, along with scenic walks along the Water of Leith, are also within easy reach.

Brochures

More Details23-4 Queen Street -
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Queen Street, Edinburgh, EH2

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About Knight Frank, Edinburgh

80 Queen Street, Edinburgh, EH2 4NF
Industry affiliations:

We are passionate about property. Our foundations are built on supporting clients in one of the most significant decisions they’ll make in their lifetime. As your partners in property, we act with integrity and are here to help you achieve the very best price for your home in the quickest possible time. We offer a range of services for your property requirements. If you are selling, buying or letting a home, or you need some frank advice and insight on the current property market from our team, please get in touch. We’d love to hear from you.

Why Knight Frank

One of the oldest property agencies with offices across the country, our unique Partnership structure allows us to put clients at the heart of what we do.

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Clients come back to us again and again. We are renowned for marketing the best property around the world and sell the majority of properties available over £5 million.

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We lead the field in understanding key drivers of the residential property market, helping you to sell or let your property in the best way possible.

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Through our global network of 370 offices we match clients to properties in the UK and around the world.

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Disclaimer - Property reference EBR012594963. 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 Knight Frank, Edinburgh. 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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