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Studio, in 29 Albany Street, £7,500,000
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0 bed property

29 Albany Street, Edinburgh, EH1
Planning
£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 1 With rising demand for high-quality aparthotel accommodation in central Edinburgh, 29 Albany Street represents a compelling long-term investment opportunity

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Description

The property is a fully consented, 17-unit aparthotel located in a prime city-centre location in Edinburgh's New Town. The development is a restored Georgian townhouse with a modern rear extension, featuring a mix of classic rooms, executive suites, and family units with self-catering facilities. The property has a high-specification finish with energy-efficient systems, a predicted EPC rating of B, and three under-pavement cellars for plant, storage, and services.

The ground floor is directly above Waverley Station and is close to Princes Street, the Old Town, and key landmarks, making it an attractive base for both leisure and corporate guests.