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Unit 4, 14 South St Andrew Street, EH2 2AZ

PRIME LOCATION
OFFICE SPACE
 DEVELOPMENT   OPPORTUNITY
  £575,000 Offers Over
 3,068
SQFT (NSA)
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WITH LIFT 

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).

William Kingston

Investment Manager

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Description

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.

 
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Location

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.)

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Key Locations

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 

Planning Summary

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

 

 

 

Proposed Accommodation

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:

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Info Pack

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.

All offers should be submitted to sandy.gilmour@rettie.co.uk & will.kingston@rettie.co.uk . Purchasers should register their interest if they wish to be informed of a closing date.

 

 

Disclaimer          

                             

Important Notice

1. They are not authorised to make or give any representations or warranties in relation to the property either in writing or by word of mouth. Any information given is entirely without responsibility on the part of the agents or the sellers. These   particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

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.

3. All descriptions or references to condition are given in good faith only. Whilst every endeavour is made to ensure accuracy, please check with us on any points of especial importance to you, especially if intending to travel some distance.  No responsibility can be accepted for expenses incurred in inspecting properties which have been sold or withdrawn.