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29 Albany Street, Edinburgh, EH1 Property for sale
29 Albany Street, Edinburgh, EH1
£7,500,000
29 Albany Street, Edinburgh, EH1
£7,500,000
Our Summary
- • Forward commit opportunity with bespoke branding and operational flexibility for an incoming purchaser• Planning approved, with construction commencing in Q3 2025 and completion due Q4 2026• High-specification finish with energy-efficient systems and a predicted EPC rating of B (offering substantial operational savings compared to most aparthotels/hotels across the city)• Stylish interiors combining restored Georgian features with modern amenities• Three sympathetically restored under-pavement cellars for plant, storage, and services• Prime city-centre location close to Princes Street, Waverley Station, the Old Town and key landmarks• Strong income potential supported by one of the UK's most resilient hotel markets• Detailed operational forecasts are available on request from Knight Frank, reflecting a fully managed model with a projected 7
- 5%–8% EBIT in Year 1With rising demand for high-quality aparthotel accommodation in central Edinburgh, 29 Albany Street represents a compelling long-term investment opportunity
Description
Knight Frank presents a rare opportunity to acquire a fully consented, turnkey 17-unit aparthotel in Edinburgh's prestigious New Town. The A-listed Georgian townhouse, with a modern rear extension, blends period elegance with contemporary design, offering a mix of classic rooms, executive suites, and family units. The aparthotel is located in the heart of the city, close to Princes Street, Waverley Station, and key landmarks, with strong income potential supported by one of the UK's most resilient hotel markets. The property features high-specification finishes, energy-efficient systems, and a predicted EPC rating of B, offering substantial operational savings. With construction commencing in Q3 2025 and completion due Q4 2026, this is a compelling long-term investment opportunity with forward commit flexibility and bespoke branding options.