Unit 4, 14 South St Andrew Street, EH2 2AZ
£575,000 Offers Over
Located at the heart the New Town – a UNESCO world heritage site - it sits between two of Edinburgh’s prime destinations - Princes Street & St Andrew Square. A property with opportunity for either office use, or residential conversion. The property has planning consent for internal alterations to form 3 residential apartments. the property would prove popular with both residential purchasers and for those who might let out the properties on a short or long-term basis. Currently laid out for office use, it would therefore also be suitable as office premises. (Subject to necessary consents).
The property is located on the 4th floor and is accessible by lift and by stair. The entrance to the property is on the 4th floor, and once entering the property there is a set of stairs which take you to a secondary mezzanine level.
The building consists of residential, office and restaurant uses.
It is B Listed and located within the UNESCO World Heritage area and also New Town Gardens Conservation area.
The property was formerly used as an office and is now vacant. The current owner has been in the process of stripping out existing office partitions etc, to prepare for conversion into the 3 residential units.
14 South St Andrew Street is perfectly located at the heart of Edinburgh with everything the capital has to offer on its doorstep.
Within a 200-metre radius are Edinburgh’s key shopping destinations – Princes Street, George Street, and the St James Quarter – as well as the airport tram, Waverley Station and world-renowned St Andrew Square.
Extensive new hotel developments & well-known brands are also within the same radius – The Balmoral Hotel, W Hotel, Gleneagles in the City. There are also popular retail & restaurants on your doorstep - Harvey Nichols, The Ivy, Lady Libertines and Hawksmoor.
Its central position should enable it to prove popular for a variety of potential uses – Serviced / “Airbnb” type apartments, residential or buy-to-let use, and as office space - subject to the necessary consents.
Approx. walk time to:
Princes Street 30 secs
George Street 3 mins
St Andrew Square 30 secs
Waverley Station 60 secs
The Balmoral 2 mins
Gleneagles in the city 30 secs
Airport Tram stop 30 secs
Royal Mile 7 mins
(per Google Maps. Assuming moderate walking pace.)
1- St Andrews Square
2- New Town
3- George Street
4- St James Quarter
5- Princess Street
6- Waverly Station
7- The Balmoral
8- Calton Hill
9- West End
10- Edinburgh Castle
11- The Royal Mile
The most recent planning application for the property is as follows:
20/03159/FUL - Proposed subdivision of existing residential unit to form 3 residential units. Existing offices with recently added partitions to be altered to create layout proposal
The plans propose 3 residential units consisting of 2x two bedroom apartments to the rear split over the 4th and mezzanine levels, plus a two bedroom (with study) duplex at the front of the property.
The sizes for those are as follows:
For an info pack more details including planning documents, pricing and other information please contact us.
Service Charge – There is a service charge for the property of approx. £8,000 per annum, paid quarterly. A breakdown of that charge will be provided upon request.
Price & Offers
Our client is seeking offers over £575k.
For any offers we will require basic Heads of Terms, including proof of funds for cash buyers. Included in the Info Pack will be a document outlining what Heads of Terms we will need.
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2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive and it should not be assumed that the property remains as photographed. Any error, omission or misstatement shall not annul the sale, or entitle any party to compensation or recourse to action at law. It should not be assumed that the property has all necessary planning, building regulation or other consents, including for its current use. Rettie & Co. have not tested any services, equipment, or facilities. Purchasers must satisfy themselves by inspection or otherwise and ought to seek their own professional advice.
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