Four historic Georgian townhouses in the heart of Edinburgh’s West End have hit the market.
Formerly Brodies LLP’s head offices, the interconnected townhouses at 14-17 Atholl Crescent, in the New Town Conservation area, have detailed residential planning consent and are located next to a mews property and 27 car parking spaces, which are also included in the sale.
Planning consent has been granted for the creation of 23 flats in the townhouses and 11 within the mews building. The apartments will comprise a mix of one-, two-, three- and four-bedrooms in addition to one studio apartment.
The buildings could also be converted into a hotel subject to planning consent, with speculative plans having been drawn up for a 113-bed hotel. Other potential uses include a private members club, a luxury care home or an aparthotel.
Andrew Shiells, senior director at CBRE, which has been appointed to market the opportunity on behalf of the private owner of the townhouses, said: “It is highly unusual to have four interconnected traditional townhouses on the market in such an incredible location in the heart of Edinburgh. There’s a great opportunity for a developer to return the buildings to their former glory and restore them to their original residential use.
“Atholl Crescent is one of Edinburgh’s grandest crescents and one of the most coveted addresses in the capital. There are so many exciting things happening in this part of the city with a huge development underway at nearby Haymarket where new offices, hotels, bars and restaurants are being built. It’s also just a short stroll to the Johnnie Walker Experience and all the shopping and leisure attractions of Princes and George Street.
“The Edinburgh hotel market is thriving and has shown strong increases in room rates over the last two years. The city is now an all year round destination and this site is ideally located to capture both business and leisure trade perfectly.”
