Vacant Commercial Property LOT 170

18 Albert Place, ON THE WALK, Edinburgh, EH7 5HN
OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 18 Albert Place, ON THE WALK, Edinburgh, EH7 5HN

**PRIME INVESTMENT OPPORTUNITY** Large commercial property within extremely popular setting in the buzzing port district of Leith, Edinburgh. Currently one of Scotland's most popular areas.

Turnkey investment in PRIME LOCATION. Currently open and trading extremely successfully as a Boutique Hotel offering serviced City Centre Accommodation with 7 individual letting rooms.

AMAZING INVESTMENT OPPORTUNITY with realistic potential income of up to 200,000 per annum based on 75% occupancy throughout the year. AREA FAMED FOR HIGH DEMAND FOR SHORT-TERM ACCOMODATION.

SUPER SIZE- The property extends to 250 sq feet with potential for multiple uses and change of use to residential (subject to planning consent) in HIGH DEMAND LOCATION.

Leith is viewed as Scotland's most up and coming region following a massive program of development and investment. Recently voted one of the 'world's coolest areas' meaning property of this type is HIGHLY SOUGHT AFTER.

**PRIME INVESTMENT OPPORTUNITY** Large commercial property within extremely popular setting in the buzzing port district of Leith, Edinburgh. Currently one of Scotland's most popular areas. Turnkey investment in PRIME LOCATION. Currently open and trading extremely successfully as a Boutique Hotel offering serviced City Centre Accommodation with 7 individual letting rooms. AMAZING INVESTMENT OPPORTUNITY with realistic potential income of up to 200,000 per annum based on 75% occupancy throughout the year. AREA FAMED FOR HIGH DEMAND FOR SHORT-TERM ACCOMODATION. SUPER SIZE- The property extends to 250 square meters. with potential for multiple uses and change of use to residential (subject to planning consent) in HIGH DEMAND LOCATION. Leith is viewed as Scotland's most up and coming region following a massive program of development and investment. Recently voted one of the 'world's coolest areas' meaning property of this type is HIGHLY SOUGHT AFTER.

Edinburgh is the capital city of Scotland, it is the second most populous city in Scotland and the seventh most populous in the United Kingdom. Edinburgh has a population of circa 487,500 and lies at the heart of a larger urban zone with a population of 778,000. The city has long been known as a centre of education with 4 universities within proximity to the business. The city's historical and cultural attractions have made it the second most popular tourist destination in the United Kingdom after London, attracting over one million overseas visitors each year. Historic sites in Edinburgh include Edinburgh Castle, Holyrood Palace, the churches of St. Giles, Greyfriars and the Canongate, and the extensive Georgian New Town, built in the 18th century.

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18  Albert Place, ON THE WALK  Edinburgh

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Location

Pricing Information & Bidding

Opening Bid: £720,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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