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Haystack Hostel 5 3 Register Street West Edinburg, 5-3a West Register Street, Edinburgh, Edinburgh, EH2 2AA
not specified / Leisure / General Leisure
Sold - Last updated: 16 December 2019
The subjects occupy the 3rd floor of a traditional Edinburgh tenement building. The subjects offer 48 letting beds within 6 separate dorms. In addition there is a stunning communal kitchen for guests, a break out area, a reception desk with luggage store, shower room and WCs.
The current owners have undertaken a thorough refurbishment of the premises since they acquired the site. However, due to other businesses they are now looking to sell on their leasehold interest.
The premises are held on a FRI Lease with an end date of 31 July 2026. The current passing rent is £XXX per annum. A rent deposit is held by the Landlord.
Location
Haystack Hostel is located in the heart of Edinburgh within a stones-throw of Waverley Train Station.
Edinburgh is Scotland’s prime tourist destination with a resident population of some 500,000 people, yet visitor numbers throughout the year come to some 4.62 million or 15.63 million nights. Of this some 29% stay in hotels, 5% B&B and guest houses and 8% in other types of accommodation. Edinburgh has one of the highest occupancy rates for cities within the UK.
The location is ideal for a business of this nature, given the proximity to the main train station, and other areas of interest, such as St Andrew's Square, Princes Street and the new St James Centre.Terms
All parties will be responsible for their own legal costs.
All viewings must be arranged through the sole selling agents Graham + Sibbald. Please do not approach the property without an appointment.
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