Income producing, mixed use estate for sale

A unique opportunity to acquire an income producing mixed use estate extending to c.130,000 sqft over seven buildings offering significant re-development and refurbishment potential for a variety of uses subject to planning.

Summerhall occupies a prominent position at the corner junction with Hope Park Terrace, Summerhall Place and Summerhall Square, approximately 1.8 km to the southeast of Princes Street.

It overlooks The Meadows, Edinburgh's expansive green space covering approximately 63 acres of tree lined pathways, sports fields, tennis courts and playgrounds providing unrivalled outdoor amenity.

The area is of mixed use comprising private residential, student accommodation, University buildings and offices and is close to the well-known redevelopment of the city's former children’s hospital site, Royal Meadows. Quartermile, the well-known mixed use re-development of the former Royal Infirmary of Edinburgh is within minutes walking distance.

It is well served with the city’s main bus routes connecting the city centre and the south side: Routes 3, 5, 7, 8, 29, 31, 47 & 49 are all within a minutes’ walk at South Clerk Street. The property is close to cycle pathways, National Routes 1 & 75 providing vital commuting links throughout the city.

Further amenities are offered by the nearby Holyrood Park, with Edinburgh iconic Arthur’s Seat offering walking and running opportunities. At its base, also close by, is The Royal Commonwealth Pool which also houses extensive gym and leisure facilities.

Within close proximity there is a wide range of dining options, including cosy cafés, trendy restaurants and traditional pubs where you can enjoy a meal of grab a drink.

Executive Summary

  • Edinburgh, Scotland’s capital city, is one of
    the most dynamic and fastest growing cities
    in the UK regularly voted as one of the best
    cities in Europe to live and work in
  • The city has a strong educational heritage,
    with one of the most highly educated work
    forces in the UK and it benefits from being
    a thriving all year round tourist destination,
    attracting over 5 million tourist bed nights
    per annum
  • Summerhall presents a unique opportunity to
    acquire an income producing thriving mixed
    use estate with extensive refurbishment and
    re-development options subject to planning
  • Approximately 130,000 sqft GIA of
    accommodation in 5 interlinking and 2 free
    standing buildings, occupying 2.025 acres
  • Extensive mixed use re-development and
    refurbishment options including residential,
    galleries and entertainment spaces, boutique
    hotels, offices, studios, and student housing,
    subject to the necessary consents
  • There are over 110 existing occupiers on
    short term licenses with a contracted income
    of circa £1.1m
Get Brochure Email Stephen
Stephen Kay

+44 (0)7971 809226