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£2,200,000

35 Palmerston Place, Edinburgh, EH12 5AU

  • 10 beds
Other

£2,200,000

  • 10 beds
Other
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Estimate monthly mortgage payment:

£10,043 per month

Minimum deposit amount:

£110,000
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A unique opportunity has arisen with this building offering 7250sq ft of prime development potential either as a full townhouse over 4 levels and a separate basement garden flat or as a stand alone development to a 5 level townhouse with garden in the west end. Please note that due to Covid-19 the hotel is currently not trading but is expected to reopen in the early part of 2021. Owners will consider selling hotel and we are delighted to present this to the market for development only. The West End Hotel is a terraced Victorian townhouse, which has its accommodation over five main levels and has been refurbished to an exceptional standard and developed with an eye for detail very rarely seen in a hotel of this particular designation, it could also very easily be converted back into a prestigious private residence subject to the correct planning application. The main entrance which gives open access to the Hallway. To the left is the open-plan bar and dining area which utilises the full depth of the property with the bar area capable of holding 25 covers to the front and casual dining area holding 30 covers to the rear and in addition 30 standing. At lower ground level is the communal kitchen for guests staying on a self-catering basis and an adjoining dining area (10) and alongside there is a guests laundry with coin operated machines. Accommodation- There is a total of 10 Letting Bedrooms/Dormitory's, 8 with en suites. 6-bed dorm en suite No of Rooms 3 9-bed dorm en suite No of Rooms 3 10-bed dorm en suite No of Rooms 1 12-bed dorm en suite No of Rooms 1 18-bed dorm No of Rooms 1 with shared shower room 24-bed dorm No of Rooms 1 with shared shower room Full accommodation capacity is 109 people. The bedrooms are located at first, second and third floor levels as per the 3D floor plan, there are also communal shower room facilities on the first floor for guests in the non-en-suite dormitories and a mirrored vanity area with hairdrying facilities . Lower ground level main has a sizeable commercial kitchen, currently used to cater to the public and groups. Two Separate offices. Office at mezzanine/half landing. House-keeping stores at upper levels and stock cupboard located in the basement. Boiler room in a garden level extension. 4 under pavement stores to the front including beer cellar. The Hotel also benefits from its own private garden. The Hotel has also had permission from Edinburgh council to convert into 5 dwellings with permission granted. Staff Accommodation At lower ground level there is one staff bedroom sleeping 6 with en-suite facilities. External At the rear of the property there is a small townhouse garden and terrace area. Services Mains water, electricity, drainage and gas. Central heating from gas fired boiler. Tenure Freehold. Website www.thewestendhotel.co.uk Accounts Will be made available following a formal viewing or note of interest by your solicitor.

By appointment through McEwan Fraser Legal on 0131 524 9797

McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.

Fantastic Development Opportunity
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Your estimated purchase costs

Find out how much it will cost to purchase this property.

Stamp Duty tax
These figures are estimates and are provided for guidance only
£175,250
Mortgage and legal costs:
£999
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