Office / Development Opportunity - For Sale

Key Information

• Great opportunity to purchase a part Town House within prime location
• Close proximity to the newly developed St. James Quarter
• Excellent transport links with the tram stopping on York Place and Edinburgh's main bus terminus 200 yards away
• Potential for a variety of uses Subject to Planning
• Can be bought as a whole or individually
• Overall NIA: 256.08 Sq M (2756 Sq Ft)
• GIA: 366 Sq m (3,937 Sq Ft)
• Lot 1 (First Floor) - Offers over £225,000
• Lot 2 (Ground & Lower Ground) - Offers Over £450,000
• Offers over £675,000

Property Description

The subjects comprise a generously proportioned office arranged over lower ground, ground and first floors contained within a mid-terraced 4 storey & attic traditional stone constructed A listed townhouse. Access to the first floor is taken via the bridging steps at ground floor level. There is a communal entrance and hallway which is shared with the ground and lower ground floor. There is a 2nd floor apartment directly above which is accessed via a stairwell in a neighbouring block and is under separate ownership not forming part of the sale. Internally the ground and basement floors are fully self-contained traditional office suites. These would readily convert into residential dwellings or can be retained as offices. The first floor comprises 4 generously proportioned rooms which would benefit from modernisation. It could continue to be used as an office or be converted into a single apartment subject to the necessary consents being obtained.

The subjects are located on the east side of York Place bounded by Elder Street East and St James Place on the eastern fringe of Edinburgh's New Town. The New Town is a UNESCO World Heritage Site due to its stunning Georgian architecture. Directly to the rear of the property is the recently completed St James Quarter which consists of 1.7 million sqft of mixed-use accommodation comprising retail, leisure, Aparthotel and residential which puts the east end of the city centre firmly on the destination map. York place benefits from excellent transport links with a tram stop located immediately adjacent to the property with a further stop a short walk away on St Andrews Square. Phase 2 of the tram-line was completed in Spring 2023 and extends down to Newhaven, making the centre more accessible from the North side of the city. Edinburgh's main bus station is also within 200 yards of the subjects whilst Waverley Train Station is within a brisk 10-minute walk.