PRIME STUDENT REDEVELOPMENT OPPORTUNITY
Opportunity to develop a consented PBSA scheme consisting of 65 studio beds
• Full planning consent was granted for the scheme in May 2024
• Site located in the Canonmills area of Edinburgh’s New Town - a vibrant and highly desirable location situated a stone’s throw away from the heart of Edinburgh’s city centre
Location
Canonmills is a thriving community boasting an abundance of local amenities, including a fantastic selection of independent bars, stylish restaurants, and boutique shops, making it the perfect location for students. The local area has the benefit of a large format Tesco, a Lidl and an M&S all within walking distance of the subject property.
Residents additionally benefit from the close proximity to a number of open green spaces and parks. St Marks Park, a popular area for dog walkers and runners, is located on the doorstep of the subject site, whilst Inverleith Park lies west of the site and provides over 54 acres of green space. The park is at the heart of the local community and hosts various sports clubs and over 400 events each year.
Accommodation
The proposed Purpose Built Student Accommodation (PBSA) development covers a total area of 0.093 hectares (0.23 acres) and represents a unique opportunity to develop much needed homes for students in an attractive PBSA location. The wider area is going through rapid regeneration with an array of other PBSA and Build to Rent developments proposed.
Terms
Offers In Excess of £2,500,000.
Specification
Please see brochure.