22 Young Street North Lane, Edinburgh, EH2 4JD
3
OFFICE
2
BATH
1,691
SQFT
4
GARAGE
Available as a whole or in separate lots -
Lot 1 - As a whole Offers Over £575,000
Lot 2 - Flat and office Offers Over £295,000
Lot 3 - Garage 1 Offers Over £70,000
Lot 4 - Garage 2 Offers Over £70,000
Lot 5 - Garage 3 Offers Over £70,000
Lot 6 - Garage 4 Offers Over £70,000
A rare opportunity to acquire a 19th century mews house, currently utilised as an office with private parking below, that is situated on a peaceful cobbled street in the heart of Edinburgh’s historic New Town. Sitting on the doorstep of upmarket George Street and Charlotte Square, one of most beautiful squares in the city, this nearly 1,700 square foot property benefits from four individual garages (a highly sought-after commodity in Edinburgh) on street level.
This is an exceptional multi-use asset or development opportunity that provides a blank canvas for a potential buyer to acquire a substantial property in a prime city centre location for use either as an office, a home or a combination of both. There are ample opportunities, subject to the necessary planning consent approvals, to configure the property and reinstate it as one entire residential dwelling. Young Street Lane is well placed for transport links, with Waverley Station within walking distance and tram and bus links to Edinburgh International Airport.
Max Mills
Director of Residential Sales
Brodie Ballantine
Sales Negotiator
Property Details & Description
Summary of Accommodation
One Large Office & WC, Hall, Second Office/Living Room, Third Office/Bedroom, Bathroom, Kitchen.
Description
Situated on a quiet cobbled lane, 22 Young Street Lane forms part of a terrace of Georgian mews properties that are currently used for both business and residential purposes. On either side of the front door of the stone-fronted mews property there are two good sized single garages with additional storage space. With the necessary planning consents in place, there is potential to integrate several of these garages into the main building if the buyer wishes to convert the building into a home. Alternatively, the garages could be used for rental income as they are a much-valued commodity in the city centre. Stone steps lead directly up from the entrance hall to the first floor. On the left side there is a larger room (currently used as an office) that spans the depth of the property. This pitched-roofed office features a bank of glass-panelled ceiling windows and an additional window overlooking the cobbled street allowing plenty of natural light to flood into the room. This versatile-use room could be redesigned to create the most magnificent open plan contemporary living-dining space or double bedroom. It is also benefits from an en-suite WC. On the other side of the building, there are two rooms that lead off a hallway. Overlooking the cobbled street at the front of the building, the second largest office space or living room is connected to a galley kitchen, whilst there is a further small office space or bedroom to the back of the building. At the end of the hallway there is a bathroom, in need of modernisation, that features a bath, wash basin and WC.
Situation
Young Street North Lane forms part of the prestigious and historic New Town, a UNESCO World Heritage site and one of the city's most sought after residential areas. It is ideally situated directly in the city centre within easy walking distance of both the city's business and financial districts, shopping establishments, restaurants and bars as well as vibrant Stockbridge with its village atmosphere, weekly market, artisan shops, cafés and restaurants. The area also benefits from excellent transport links with regular buses, direct trains to London and Glasgow from Waverley Station and convenient access to the City Bypass, A1, M8 and M9 as well as Edinburgh International Airport. It is well served by a selection of independent shops as well as a large Waitrose supermarket nearby and a Marks and Spencer and Sainsbury's just a ten minute walk away. There is an excellent selection of leisure facilities including The Grange Club, Westwoods Health Club, The Dean Tennis Club, The Grange Cricket Club and Scotland's oldest rugby club Edinburgh Academicals. A short stroll from the property you can find the Royal Botanic Gardens, Inverleith Park and the Water of Leith walkway- which provides cycle routes and a number of nature walks. The property is also ideally positioned to take advantage of Edinburgh's many art galleries, museums and historical attractions as well as the world-renowned International Festival and Fringe. Young Street North Lane benefits from easy access to the city's public bus and tram network, Waverley station and Edinburgh International Airport. The property lies within the catchment area for highly regarded Stockbridge Primary and Broughton High schools with private schooling options including The Edinburgh Academy, Fettes College, Erskine Stewarts Melville Schools and St George's School in close proximity.
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General Remarks:
VAT:
We have been advised that the property has been elected for VAT.
Proof and Source of Funds / Anti Money Laundering:
Under the HMRC Anti Money Laundering legislation all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage, or confirmation from a solicitor the purchaser has the funds to conclude the transaction. All individuals involved in the transaction are required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.
Fixtures and Fittings:
Only appliances specifically mentioned in the sales particulars are included in the sale price. In all other aspects the treatment of fixtures and fittings within the relevant Conveyancing Standard Clauses apply.
Services:
Gas central heating, mains water, gas and electricity, broadband, telephone (subject to telephone providers’ regulations).
Postcode:
EH2 4JD
Outgoings:
WEST STUDIO £3,650 / EAST STUDIO - £4,550
EPC:
E
Viewing:
By appointment through Rettie & Co, 11 Wemyss Place, Edinburgh EH3 6DH. Tel: 0131 220 4160.
Misrepresentations:
1. The property is sold with all faults and defects, whether of condition or otherwise and neither the seller nor Rettie & Co, the selling agent, are responsible for such faults and defects, nor for any statement contained in the particulars of the property prepared by the said agent.
2. The Purchaser(s) shall be deemed to acknowledge that he has not entered contract in reliance on the said statements, that he has satisfied himself as to the content of each of the said statements by inspection or otherwise and that no warranty or representation has been made by the seller or the said agents in relation to or in connection with the property.
3. Any error, omission or mis-statement in any of the said statements shall not entitle the purchaser(s) to rescind or to be discharged from this contract, nor entitle either party to compensation or damages nor in any circumstances to give either party any cause for action.
Prepared February 2022 - First Issue