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Description

This property is offered for sale Asking Price: Offers over £ 4,000,000 Last verified 21 July 2008 Offers over £4,000,000 for the freehold interest in the subject property. Please note, the owner need not accept the highest offer nor indeed any offers on the property. All prices, rents and outgoings are quoted exclusive but may be liable to VAT. Planning permission is currently in place for conversion to a 35 bedroom town house hotel with ancillary facilities including a public bar, restaurant, cellars and external areas. Full details of planning permission and plans are available to seriously interested parties on request. The Lothian Regional Assessors Department have entered the subjects are in the current Valuation Roll at Rateable Value as follows: 25 Palmerston Place - £24,200 27 - 29 Palmerston Place - £95,500 Further details are available upon application to the marketing agents.

Comments
The subjects comprise three town house buildings, of 600mm solid stonework, pointed externally, under part pitched and slated part flat felt roofs.
Number 25 Palmerston Place is arranged over lower ground, ground, first, second, third, and attic floors. Internally the property is arranged as a fully fitted backpacker style hostel.
Number 27 and 29 Palmerston Place are arranged over lower ground, ground, first, second, and attic floors. The lower ground floor of number 29 is currently in separate residential occupation. Internally the property is arranged as a mixture of cellular and open plan office accommodation with relevant tea prep and toilet facilities
The property offers a unique opportunity for a variety of uses and benefits from excellent scope for conversion.
The subject property is located on the east side of Palmerston Place between the junctions of Chester Street to the south and Rothesay Place to the north, within Edinburgh’s West End district, situated less than ¼ mile to the west of the City Centre.
Palmerston Place is well situated for road communications, with easy access to Queensferry Road and Haymarket Junction, the two principal routes leading traffic in to the city from the west. The location also benefits from easy access to Edinburgh Airport and the City Bypass.
Palmerston Place is well positioned for all local amenities, being only five minutes walk from both Princes Street and Haymarket Railway Station and approximately a ten-minute walk from the Exchange Financial district.
This is a mixed commercial and residential area that is dominated by period townhouses and is a prestigious office location and desirable residential area.

Property Parts
Lower Ground Floor - 25 Palmerston Place 2,504 Sq Feet
Ground Floor - 25 Palmerston Place 2,174 Sq Feet
First Floor - 25 Palmerston Place 2,093 Sq Feet
Second Floor - 25 Palmerston Place 2,123 Sq Feet
Third Floor - 25 Palmerston Place 1,738 Sq Feet
Fourth Floor - 25 Palmerston Place 1,178 Sq Feet
Lower Ground Floor - 27 Palmerston Place 1,316 Sq Feet
Ground Floor - 27 Palmerston Place 1,316 Sq Feet
First Floor - 27 Palmerston Place 1,316 Sq Feet
Second Floor - 27 Palmerston Place 1,316 Sq Feet
Third Floor - 27 Palmerston Place 1,268 Sq Feet
Ground Floor - 29 Palmerston Place 1,369 Sq Feet
First Floor - 29 Palmerston Place 1,369 Sq Feet
Second Floor - 29 Palmerston Place 1,369 Sq Feet
Third Floor - 29 Palmerston Place 1,291 Sq Feet
Total Area 23,785 Sq Feet

Features
Cellular Layout
Gas Heating
6 Floors
Tea preparation facilities
Fluorescent Lighting

Notice
Unless otherwise indicated, all information displayed is copyright © 2008 Scottish Property Network Limited.  Information provided, including information on any property identified as available for sale, lease or disposal can not be guaranteed accurate and should not be regarded as an offer to sell, lease, or otherwise dispose of that property.