24 Royal Terrace presents a rare opportunity to purchase a freehold boutique hotel in Edinburgh city centre
Edinburgh boutique luxury hotel 24 Royal Terrace has come onto the Scottish commercial property market – represented by specialist property adviser Christie & Co.
The hotel has been extensively upgraded by its current owners, who are relocating, and is home to a significant art collection, which can also be included as part of the sale. The property comprises 16 ensuite letting rooms, including two self contained apartments. It also hosts a bar/restaurant on the ground floor, with a fully fitted kitchen.
There are gardens located to the rear of the property with decked seating areas. The hotel is located a 10-minute walk from Princes Street and Waverley Train Station.
Stuart Drysdale, Business Agent of Christie & Co, which has been instructed to handle the sale, said: “This is a rare opportunity to purchase a freehold boutique hotel in the city centre. It is an extensively upgraded property which has proved extremely popular with both international visitors and UK based tourists searching for a high standard of accommodation – currently ranked in the top 6 in Edinburgh. Accommodation in Edinburgh continues to prove popular with both investors and experienced operators.”
Christie & Co is asking for offers over £2.25m.