Commercial property for sale in Calton Apartments, 44 Annandale Street, Edinburgh EH7
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Rarely available apartment block with 8x2 bedroom dwellings
- Well located only just off Leith Walk and within close proximity to St. James Quarter
- Easily accessible with bus routes directly outside and the nearby tram route
- Current Gross Income from long let prt's c £125,000
- Recent letting indicating reversion to £140,000
- Formerly a Serviced Apartment block with great opportunity to return to this (STP)
- Offers over £2,400,000
Property description
The properties, formerly known as Calton Apartments,
form a residential block comprising 8 x 2 bedroom
apartments accessed off a centrally located stairwell
and forming a single block.
The premises are 4-storey in nature to the front with
car ports underneath the subjects to the rear. The
building is constructed of brick and stone with an
element of rough cast rendering to the rear, being
surmounted by a pitched and tiled roof.
Internally there are two
apartments per floor, each being
well presented with two floor plate
types benefitting from separate
galley kitchen or open plan
kitchen/living space.
The block is currently all on longer term Private
Residential Tenancies (prt's) though up until 2020 it
was operated fully as a Serviced Apartment block on
short term tenancies.
Subject to planning this could be a great opportunity
for an investor to change this back to Short Term Lets
or utilise as an Aparthotel.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Graham + Sibbald, EH3 on +44 131 268 8530 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Graham + Sibbald, and do not constitute property particulars. Please contact Graham + Sibbald for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}