127 George Street, Edinburgh, EH2 4JN

FOR SALE

City Centre Development Opportunity
Suitable for office/hotel/serviced apartments
2,391 SQ.M (25,746 SQ.FT)

Lismore House was restored in the early 1970s retaining the
Georgian façade and providing open plan office accommodation. The building is
accessed from an arched doorway leading to a reception area and lift lobby.
Office accommodation is provided over ground and four upper floors plus a lower
ground floor office which can also be accessed off George Street. There is also
an extensive 17 car basement garage accessed via an electric roller shutter door
from Young Street Lane South to the rear of the property.

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The office accommodation offers the following
specification-

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2 x passenger lifts (front and rear)

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Gas fired central heating system and comfort
cooling

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3 compartment perimeter trunking system

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Suspended ceiling with recessed fluorescent
lighting

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Male/female toilets on each floor

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Accessible WC and shower facilities on each
floor

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Secure entry phone system

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Bike storage

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Development

PLANNING

From our understanding of the city of Edinburgh Council’s policies,
we understand a variety of uses may be supported subject to all the appropriate
consents and compliance with the relevant policies. Lismore House is within
Edinburgh’s Central Area designation and is subject to the Central Area Policy.
The premises are situated within the New Town Conservation Area and the World
Heritage Site and is ‘B’ listed. The site lies within the tram contribution
zone. From initial informal discussions we anticipate the following uses may be
supported subject to detailed design and materials.

Office – With a shortage of Grade A office
accommodation forecast, Lismore House is an excellent opportunity for developers
to undertake a refurbishment of the premises and retain the existing use. The
premises would also be ideal for an owner occupier.

Serviced Apartments – In 2012, consent was granted
for change of use to conversion to create 66 new serviced apartments.

Hotel – There continues to be strong demand from hotel
operators, however it is very difficult to secure an opportunity on George Street.
Lismore House provides the opportunity to develop a high quality boutique hotel.

Retail/Restaurant – There are various examples of
similar premises being converted on George Street for retail and restaurant
use.Click here to download the PDF Brochure

Location