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Hotel In Sought After Location , The Inverleith Hotel, Inverleith Terrace, Edinburgh, EH3 5NS

3,286 Sq Ft / Leisure / Hotel

For Sale

Available - Last updated: 15 December 2020

Attractive mid terrace Victorian hotel with potential to convert to residential.

The Inverleith Hotel is a boutique, family run hotel, situated within an attractive C Listed, Victorian townhouse, arranged over lower ground, raised ground and two upper floors. Located on the south side of the street, close to its junction with Inverleith Row, 5 Inverleith Terrace forms part of a terrace of similar properties, some of which have been split into flats. The raised ground floor has a wide entrance hall, leading to the two principal public rooms, which include a stunning dining room and an interconnected bar and kitchen area to the rear. The well-proportioned rooms are flooded by light thanks to large sash windows, with the dining room benefitting from views across to the Royal Botanic Gardens. There are 10 well appointed ensuite bedrooms, the majority of which are doubles, spread across the lower ground, first and second floors. The rooms to the rear on the first and second floors have panoramic views across the city to Calton Hill and Edinburgh Castle. Internally the building has a wealth of period features including an elegant central stairwell, intricate cornicing, decorative ceiling roses, original doorways and period fireplaces. Two bedrooms at the rear of the lower ground floor provide access onto a south facing private garden. Included with the sale are two under-pavement cellars, providing ample storage space.

Location

Inverleith Terrace is regarded as one of the most sought after residential locations in the city. For those who enjoy the great outdoors the property is ideally situated, overlooking The Royal Botanic Garden and only a couple of minutes walk from Inverleith Park. A wide selection of independent shops, restaurants, cafes and bars are available in Stockbridge and Comely Bank, whilst there are Waitrose and Tesco supermarkets close by. The city centre is a short walk away, providing access to many of Edinburgh’s most popular entertainment venues, including the National Portrait Gallery, Playhouse Theatre and Omni Cinema. In addition, there are several golf courses, tennis clubs and bowling greens nearby. Inverleith benefits from a wealth of exceptional schooling options with Edinburgh Academy, Fettes College and St. George’s School for Girls offering private education, whilst the state catchment includes Drummond Community High School and St Thomas of Aquin’s.

Accommodation

Approximate Gross Internal Floor Area - 3,286 Sq Ft - 305.27 Sq M

Stores: 142 Sq Ft - 13.19 Sq M

Terms

Rateable Value - The rateable Value of the property is £30,700 (www.saa.gov.uk)

Energy Performance Certificate - The property has an EPC rating (commercial) of G.

Vacant Possession - Vacant possession will be provided upon settlement.

VAT - The property is not Elected for VAT.

LBTT - The property is currently in commercial use, so the Non Residential LBTT rates will apply to the purchase.

Planning - The property, which is currently run as a Class 7 Hotel, has the potential to be converted to a number of uses, including a single residential dwelling or a number of flats, subject to obtaining all necessary consents. We understand that the property is C Listed and is situated within the Inverleith Conservation Area.

Financial Guarantee/ Anti Money Laundering - All offers to purchase the property (regardless of whether the offer is on a cash basis or subject to loan funding) must be accompanied with evidence of Source of Funds. This can be in the form of a bank statement showing the purchase price, a financial reference from a bank/funding source, or confirmation from a solicitor that the purchaser has sufficient funds to complete the purchase. In addition, the purchaser must supply certified copies of his/her passport and confirmation of residence in terms acceptable under anti money laundering (AML) legislation. These documents will be required for all individuals who will appear on the title once the transaction is complete.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers Invited For Sale Freehold NA NA

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Contact agents

Simon Capaldi

Knight Frank LLP

0131 610 0512

Toby Withall

Knight Frank LLP

0131 610 0587

Charlotte Swearman

Knight Frank LLP

0131 610 0290



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