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Investment Opportunity - West End Hotel, 35 , Palmerston Place, Edinburgh EH12 5AU

For sale: £2,100,000.00|6,674 Sq Ft|Hotels, General Retail, Other, Licensed & Leisure, Retail, Other Property Types & Opportunities

Property details

FOR SALE£2,100,000.00
SIZE6,674 Sq Ft
ADDRESSInvestment Opportunity - West End Hotel, 35 , Palmerston Place, Edinburgh EH12 5AU
TYPEHotels, General Retail, Other, Licensed & Leisure, Retail, Other Property Types & Opportunities
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON11th April 2024

Description

Graham + Sibbald are pleased to bring market the West End Hotel for sale. Located in Edinburgh, a vibrant city with a population of around 500,000 and over 2 million visitors annually, making it one of the strongest regional economies in the UK, particularly in the tourism sector. More specifically the hotel is located on Palmerston Place in the West End of the city's Old Town.

The property itself is a Grade B Listed Victorian Townhouse that has been converted into a hostel. Access is via a single wooden door with a glazed insert, and the hostel features ten dorms that can sleep up to 109 people. The townhouse was thoroughly restored and refurbished with a major renovation happening in 2018. This really is a building that has been well maintained and is offered in an immaculate condition.

The West End Hotel is currently tenanted, trading as a hostel and is available as an investment opportunity. The sale of the West End Hotel provides a truly wonderful opportunity to invest in a immaculately presented Edinburgh city centre hotel.

109 Bed Hostel occupying a Full Townhouse (5 floors)

Thoroughly refurbished and immaculately presented throughout

10 Letting Rooms (8 with En-Suite Shower Rooms)

Fully licensed

Currently, let on an FRI Basis

Possible Development Opportunity (on vacant possession)

Offers over £2,1000,000 are sought for the heritable property, the trade fixtures, fittings and equipment, together with the goodwill of the business, which is to be sold complete as a going concern.

Brochure Header

A stunning fully restored townhouse in Edinburgh City Centre, sold as an Investment or Development Opportunity ( Agency Pilot Software ref: 52055 )

Location

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Location: Investment Opportunity - West End Hotel, 35 , Palmerston Place, Edinburgh EH12 5AU

Haymarket (0.3 miles)

Edinburgh Waverley (1.1 miles)

Slateford (1.9 miles)

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