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12-14 Picardy Place, Edinburgh

POA

Size

4,000

Tenure

Freehold

EPC

Parking

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Primary use
Mixed use

No floor / site plan

Key features

  • Occupying a highly prominent position on Picardy Place
  • Gross Internal Area (41,053 sq ft), configured to support full service hotel
  • Planning approved for a 67 key hotel with full F&B offering
  • Significant asset management and repositioning potential
  • Generating a strong annual rental income of £147,000

Description

Given the existing use and arrangement, the Property is particularly well-suited for a hybrid hospitality concept combining uses such as hostel, hotel, or aparthotel subject to the necessary consents.

Combined with a potential destination restaurant or bar concept, the building presents the opportunity to become an iconic new venue in central Edinburgh.

12-14 Picardy Place is situated in a prime city-centre location, adjacent to multiple demand drivers and within easy walking distance of key transport hubs and core commercial, retail, and leisure areas.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

12-14 Picardy Place, Edinburgh

NEAREST STATIONS

National Rail

Edinburgh Waverley Station

0.37 miles

National Rail

Haymarket Station

1.45 miles

National Rail

Slateford Station

3.04 miles

About Savills National , Glasgow - Development

Savills National , Glasgow - Development

Glasgow is the largest city in Scotland with a population of 580,000 and a wider catchment of 1,200,000 people.

There are 13,000 businesses in the city which employ some 400,000 people producing £17bn annually. For this reason, Glasgow is known as Scotland?s Commercial Capital. Key sectors include utilities, business support, defence, professional services and construction. There is an established International Financial Services District which has attracted £1bn of private investment.

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Disclaimer - Property reference EB75D91E-5D38-4D34-B135-C5A46E829C6F. 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 Savills National , Glasgow - Development. 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.