7, Smiths Place, Leith, Edinburgh, EH68NT

** SALE BY AUCTION - 27 August 2026 - Timed Online Auction **

FULL PLANNING FOR A 19TH CENTURY EDINBURGH GEORGIAN BUILDING TO CONVERT INTO 6 SERVICED APARTMENTS. Once refurbished they could provide and excellent yield with high demand for luxury accomodation. The luxury serviced apartments market in Edinburgh is experiencing significant structural growth and resilient demand. Driven by booming upscale tourism and stringent short-term rental (STR) licensing laws that decimated the local Airbnb supply, planning-compliant serviced apartments have stepped in to capture massive displaced demand. Top-tier properties across Scotland boast average occupancy rates climbing comfortably past 68%, with Edinburgh frequently recording over 110 nights a year where occupancy exceeds 90% (largely during the August Festivals and winter holidays. SUPERB INVESTMENT OPPORTUNITY Could provide an approximate income of £380,000 per apartment per annum. (Post refurbishment) This could provide an end value of £2.2m on completion of the development. High Average Premium Rates: Baseline rates for standard rooms hover around £280, while 5-star flagship penthouses and multi-bedroom luxury suites regularly command well over £500 per night during high-demand windows Out-of-Centre Expansion: As central districts hit saturation points, look to areas undergoing massive regenerationâ??specifically Leith and Haymarketâ??to see the next wave of high-end serviced apartment rollouts A UNIQUE DEVELOPMENT OPPORTUNITYEarly 19th century Georgian building into six apartments, with full planning approval.2 x Spacious 2-bed upper ground-floor apartments.Generous and well-designed studio apartment.2 x Unique two-bedroom apartments with gardens.Bespoke and spacious studio apartment.With a wealth of original period features and sash-and-case windows.Controlled permit parking zone (N7) Description 7 Smith's Place offers a unique development opportunity of a stunning, early 19th century Georgian building into six apartments, with full planning approval. The approved plans consist of x4, two-bedroom serviced apartments and x2 studio serviced apartments. Each apartment has been carefully designed to offer space, refinement, and the allure of contemporary living combined with the hallmarks of period architecture. Perfectly placed in Leith, the B-listed period building enjoys a symmetrical sandstone ashlar façade and a wealth of original features, including flagstone flooring at the entrance, traditional high ceilings, ornate cornicing and delicate ceiling roses, as well as sash-and-case windows.

Planning for 6 serviced appartments, took 3 years to get planning approval. Value currently at £900k. would require approx £750k to complete final value of £2.3million (GD Value) Work has started, ground floor has been stripped out. Market rental would be approx £90K per annum, but service accom would make 25k per month x12 giving £300k per annum. Has Colliers Market Value report Early 19th century Georgian building into six apartments, with full planning approval. 2 x Spacious 2-bed upper ground-floor apartments. Generous and well-designed studio apartment. 2 x Unique two-bedroom apartments with gardens. Bespoke and spacious studio apartment. With a wealth of original period features and sash-and-case windows. Controlled permit parking zone (N7)

Auction Details
27 August 2026, 10am-3pm
Timed Online Auction

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