A recently refurbished, spacious third & attic floor, five-bedroom property (all ensuites), located in the heart of the New Town. Currently forms part of a guesthouse business (available separately), the property offers an exciting opportunity for a family or an investor looking for a potential Airbnb / HMO investment (subject to planning & licensing).
Occupying a prime position close to the City Centre’s abundant high-end shops, award winning restaurants and world-renowned tourist attractions, this beautifully designed and immaculately presented third and attic floor apartment benefits from exceptional views of the New Town skyline and everything the city has to offer on its doorstep.
Within approx. 250 metres of the property are Edinburgh’s two key retail streets, George Street & Princes Street. Waverley Station, the Airport Tram and the new St James Quarter are within 0.75km of the property. Similarly, popular tourist destinations such as the Royal Mile, Edinburgh Castle, Stockbridge, and Dean village are within a 0.75km radius of the property.
Offers - Our client is seeking offers over £720,000
Home Report Value – £750,000
Planning & Use – The property is residential.
EPC – A copy of the EPC will be made available to interested parties.
Guesthouse – The property is one of three units that form the Guesthouse 53 Frederick Street. Vendor is open to discussion of sale on all 3 properties to single purchaser, such as serviced apartment operator.
Viewings – By Appointment Only.
Tenure - Heritable (Scottish equivalent of English freehold).
Costs - Each party will be responsible for their own legal costs incurred in any transaction.
Proof and Source of Funds / Anti Money Laundering - Under the HMRC Anti Money Laundering legislation all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage or confirmation from a solicitor the purchaser has the funds to conclude the transaction.
All individuals involved in the transaction are required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.
Fixtures and Fittings:
Only appliances specifically mentioned in the sales particulars are included in the sale price. In all other aspects the treatment of fixtures and fittings within the relevant Conveyancing Standard Clauses apply.
1. The property is sold with all faults and defects, whether of condition or otherwise and neither the seller nor Rettie & Co, the selling agent, are responsible for such faults and defects, nor for any statement contained in the particulars of the property prepared by the said agent.
2. The Purchaser(s) shall be deemed to acknowledge that he has not entered into contract in reliance on the said statements, that he has satisfied himself as to the content of each of the said statements by inspection or otherwise and that no warranty or representation has been made by the seller or the said agents in relation to or in connection with the property.
3. Any error, omission or mis-statement in any of the said statements shall not entitle the purchaser(s) to rescind or to be discharged from this contract, nor entitle either party to compensation or damages nor in any circumstances to give either party any cause for action.
Details drafted 16th September 2020.