Property Details

The subjects are located within Scotland's capital city of Edinburgh, which at present has a resident population of circa 515,000 persons and is considered one of the United Kingdom's strongest regional economies, comprising the country's commercial, cultural and political hub. The population is projected to increase to circa 585,000 by 2030. More specifically, the subjects are located to the north side of Annandale Street which itself lies to the north side of the city centre located just off Leith Walk on the edge of Edinburgh's New Town. Leith Walk offers a bustling street with bars, restaurants and retail units alike. There is also recently developed student accommodation within the vicinity. The tram which now links the Airport with Newhaven makes this an even more attractive location for commuters. The St James Quarter lies approximately 0.5 miles to the south of the subjects and provides c 850,000 Sqft of prime retail and restaurant accommodation and has brought abundance of footfall to the North/East side of the city centre. Edinburgh Waverly train station also lies within a mile of the premises, making this a great location to work and live.

The Properties, Formerly Known As Calton Apartments, Form A Residential Block Comprising 8 X 2 Bedroom Apartments Accessed Off A Centrally Located Stairwell And Forming A Single Block. The Premises Are 4-storey In Nature To The Front With Car Ports Underneath The Subjects To The Rear. The Building Is Constructed Of Brick And Stone With An Element Of Rough Cast Rendering To The Rear, Being Surmounted By A Pitched And Tiled Roof. Internally There Are Two Apartments Per Floor, Each Being Well Presented With Two Floor Plate Types Benefitting From Separate Galley Kitchen Or Open Plan Kitchen/living Space. The Block Is Currently All On Longer Term Private Residential Tenancies (prt's) Though Up Until 2020 It Was Operated Fully As A Serviced Apartment Block On Short Term Tenancies. Subject To Planning This Could Be A Great Opportunity For An Investor To Change This Back To Short Term Lets Or Utilise As An Aparthotel.