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.
CLOSING DATE SET - 12pm on Wednesday 18th September 2024
Please contact Stephen Kay for any further information or to submit an unconditional offer by the closing date: stephen(at)cuthbertwhite.com
Executive Summary
- CLOSING DATE SET - 12pm on Wednesday 18th September 2024
- 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
Stephen Kay
+44 (0)7971 809226