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29 Albany Street, Edinburgh, EH1

Offers in Excess of
£7,500,000

£1056.34 per sq ft

Business rates & charges may apply

Knight Frank, Hotels
SIZE AVAILABLE

7,100 sq ft

660 sq m

SECTOR

17 bedroom hotel for sale

Key features

  • Forward commit opportunity with bespoke branding and operational flexibility for an incoming purchaser
  • Planning approved, with construction commencing in Q3 2025 and completion due Q4 2026
  • High-specification finish with energy-efficient systems and a predicted EPC rating of B (offering substantial operational savings compared to most aparthotels/hotels across the city)
  • Stylish interiors combining restored Georgian features with modern amenities
  • Three sympathetically restored under-pavement cellars for plant, storage, and services
  • Prime city-centre location close to Princes Street, Waverley Station, the Old Town and key landmarks
  • Strong income potential supported by one of the UK's most resilient hotel markets
  • Detailed operational forecasts are available on request from Knight Frank, reflecting a fully managed model with a projected 7.5%-8% EBIT in Year 1

Description

Knight Frank presents a rare opportunity for investors and operators to acquire a fully consented, turnkey 17-unit aparthotel in the heart of Edinburgh's prestigious New Town.

This A-listed Georgian townhouse, complemented by a modern rear extension, blends period elegance with contemporary design. The development offers a thoughtfully curated mix of classic rooms, executive suites, and family units, some with self-catering facilities; appealing to both leisure and corporate guests.

With rising demand for high-quality aparthotel accommodation in central Edinburgh, 29 Albany Street represents a compelling long-term investment opportunity.

Full investment pack and financial forecasts available on request from Knight Frank.

*All images have been computer generated and are for illustrative purposes only*

Rateable value will be confirmed upon completion.

Forecasted completion Q4 2026.

29 Albany Street, Edinburgh, EH1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Edinburgh Waverley Station0.4 miles
  • Haymarket Station1.3 miles
  • Slateford Station2.9 miles

About Knight Frank, Hotels

55 Baker Street, London, W1U 8AN

Knight Frank is the leading independent, global real estate consultancy providing an integrated prime commercial and residential offering, operating in key hubs across the globe.

Headquartered in London with 244 offices, employing more than 7,067 professionals and spanning five continents, Knight Frank provides the highest standards of quality and integrity in global residential and commercial property advisory services. Our reputation for uncompromising professionalism in everything we do is earned by serving our clients and earning their trust.

Founded in 1896 and a Limited Liability Partnership (LLP) since 2003, the firm’s 60 Equity Partners promote progressive growth through a strong corporate culture, helping us to recruit and retain the best people.

Advising clients ranging from individual private investors, clients and homeowners to major developers and investors, we put teamwork, innovation and our passion for property at the heart of everything we do, striving to go the extra mile to exceed our clients’ expectations.

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Disclaimer - Property reference HTV012527865. 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, 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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