The Hostel - Edinburgh, 3 Clifton Terrace, Edinburgh, EH12 5DR
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Tenure
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- Primary use
- Hotel
Key features
- Hostel Opposite Haymarket Station
- 10 Rooms with 102 Bed Spaces
- Lease to 2035 with Tenant Option to Extend
- Strong VP Value - Low Covenant Strength
- Upper Floors with Ground Floor Entrance
- Energy Rating F
- Christie & Co Ref: 5245071
Description
A well positioned and excellently presented backpackers hostel in the heart of Edinburgh's West End, opposite Haymarket Train Station.
Easy access to all of Edinburgh's tourist hotspots, as well as being only a 10 minute walk from the major retail pitches of St James Quarter, George Street and Princes Street.
Significant works of refurbishment including new roof, rewiring and replumbing were carried out within the last 10 years.
The Hostel - Edinburgh is situated on Clifton Terrace overlooking the busy Haymarket junction in Edinburgh's West End.
Across the busy junction is Haymarket Train Station and Haymarket tram stop as well as Starbucks, Black Sheep Coffee and various independent retailers.
The busy main road is home to many of the city bus routes including those to Murrayfield Stadium and Edinburgh Airport.
A short walk away lies Princes Street, Charlotte Square and George Street leading down to St James Quarter at the opposite end.
The hostel is contained within part of the ground, first and attic floor levels of a three-storey mid terraced property of traditional sandstone construction, set beneath a pitched slated roof.
The ground floor includes the main security entrance door and reception vestibule which in turn leads up to the principal accommodation at first floor level. The ground floor includes a large store room, and provides staff access to a rear outside garden/patio.
At the expiry of the lease the majority of fixtures and fittings will remain in the ownership of the freeholder.
Letting AccommodationA total of 10 bedrooms or dormitories are provided, with the hostel's sleeping capacity being 102.
External DetailsA contained seating area is provided to the rear of the property, with astro-turf floor covering and decked seating areas.
The OpportunityThe Hostel - Edinburgh presents a superb opportunity to acquire a prime central Edinburgh investment in the very strong accommodation sector.
The hostel forms part of Clifton Terrace where other occupiers are the Liberal Democrat office, Guards Club and Guards Hotel, all owned separately and not linked to this sale.
Freehold subject to the hostel lease which expires in 2035 but with a tenants option to extend for a further five years.
Current rent £96,000 with next rent review in March 2030.
The Rateable Value effective from 1 April 2026 is £59,400.
Confirmation of actual rates payable can be obtained from the local Authority.
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- Business for sale
- Yes
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Brochure
The Hostel - Edinburgh, 3 Clifton Terrace, Edinburgh, EH12 5DR
About Christie Owen & Davies Ltd, Hotels
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.
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Disclaimer - Property reference 5245071-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 Owen & Davies Ltd, 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.