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No longer on the market

This property is no longer on the market

2 bedroom property

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Property
2 beds
3380
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

12 George IV Bridge is an exceptional opportunity to acquire a collection of 7 consented serviced apartments located within the heart of the Old Town in Edinburgh City Centre. There are six studio apartments and a two bedroom apartment with forecasted completion in June 2024.

This property to be renovated to a high specification by Blagden Property, presents a unique investment opportunity for the discerning investor, appealing greatly to the central Edinburgh holiday rental market.

The apartments are all self catering, benefiting from large Victorian windows and excellent light as well as views over George IV Bridge to the front and Edinburgh Castle and the Grassmarket to the rear. This central location provides an investment opportunity that returns an attractive yield all year round. These properties have been created to provide compact, contemporary and individual spaces in a wonderfully located position in the heart of Edinburgh's Old Town, providing a sought-after property asset for now and into the future. Forecasted operating incomes, costs and yields produced by Destiny Scotland available upon request.


Situated in the heart of Edinburgh's medieval Old Town, this is a superb location for taking advantage of all of Edinburgh's most renowned cultural activities including Edinburgh Castle, The Military Tattoo, National Museum of Scotland, Edinburgh Festival and the Hogmanay festivities. George IV Bridge was formed in the early 1800's as part of Thomas Hamilton's plan for the new Southern and Western approaches to the city. The Georgian New Town which includes the shopping hubs of Princes Street and George Street and the city's numerous art galleries are a short distance away. The amazing location means that one is always on the doorstep of the city's entertainment
opportunities, with a fantastic choice of bars and restaurants in the vicinity.

Edinburgh attracts an abundance of visitors all year round due to its culture, beauty and business hubs. In particular, during the Edinburgh Festival in the Summer months, these apartments are the perfect base for easy access to all the major venues and just a minutes' walk from the Royal Mile – the festival's epicenter. There is
plenty of walking opportunities nearby in The Meadows and Holyrood Park.

Whether you are travelling by train or plane, arriving is simple. Edinburgh International Airport is approximately
8 miles away and Waverley Station is a very short stroll providing links to London and Glasgow. A more central location for such an apart hotel investment simply cannot be found.

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About this agent

Knight Frank - Edinburgh
Knight Frank - Edinburgh
80 Queen Street Edinburgh EH2 4NF
0131 268 9161
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The Knight Frank Edinburgh office handles residential property for sale in the City of Edinburgh and throughout rural Scotland. We have a wealth of experience in dealing with the sale of properties in Edinburgh’s New Town (EH3), Murrayfield (EH12) and the south side of the city (EH9 & EH10). In rural Scotland, we have a great presence in Perthshire, the Lothians, Fife, the Scottish Borders, Argyll and Angus. Our experienced team of estate agents in Edinburgh offer some of the most sought after houses, flats, estates and farms for sale in Scotland. Our Edinburgh city team have a strong track record for the sale of houses and flats throughout the city, notably properties for sale in New Town, Murrayfield and the south side of Edinburgh. Throughout wider Scotland, our country houses, farms and estates team have overseen some of the most prestigious sales in the country, offering properties for sale in East Lothian, West Lothian, Fife, Perthshire, Stirlingshire, the Scottish Borders, Northumberland, Cumbria, Argyll, Lanarkshire, Dumfries & Galloway, Inverness-shire and the Highlands.
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