, 40-50 Nicolson Street, Edinburgh, EH8 9DT | Property for sale | Savills
23.13 to 1,243.51 sq m
Excess of £400,000($860,203)

40-50 Nicolson Street, Edinburgh, EH8 9DT

  • Under offer
Office
23.13 to 1,243.51 sq m

Key features

  • Heritable (Freehold)
  • Busy Location
  • Substantial building prominently located on Nicolson Street
  • Refurbishment potential to create a large hospitality premises
  • Potential to reinstate first floor viewing gallery
  • 10 minutes walking distance from Edinburgh Waverley Station
  • GIA - 1,243 Sq M (13,385 Sq Ft)
  • Offers in excess of £400,000 are invited for the heritable interest, plus VAT

Substantial Former Bingo Club For Sale

About this property

  • Description
    The property comprises a former Bingo Hall with 3 floors and is contained within a 4 storey stone building. The bingo hall entrance is to the left of the building frontage.

    Ground Floor: Trading accommodation formerly used as a bingo hall with bar servery, customer toilets and reception area.

    Basement: Storage areas.

    First Floor: Gallery level with fixed seating area with gents toilets. There is also an office located off the stairs to the first floor.

    Tenure
    The property is held heritable and is available with vacant possession.

    Rateable Value & EPC
    2023 - Rateable Value - £6,000

    An EPC is in the course of preparation.

    Planning
    The property is situated within the South side conservation area of Edinburgh.

    Planning permission was granted in November 2018 (planning application number 18/04172/FUL) for change of use to Sui Generis (public house).

    Viewing & Terms
    The property is currently closed so all formal viewings must be arranged through the joint selling agents Savills and CBRE.

    Offers in excess of £400,000 are invited for the benefit of our clients heritable interest. Please note that VAT, if applicable, will be payable in addition to the purchase price.

Local information

  • Nicolson Street is located on the edge of Edinburgh city centre. A section of the building is within the Edinburgh Old Town World Heritage Site. The area is well serviced by public transport with Edinburgh Waverley station providing regular services to Scotland and England, whilst there are numerous bus routes that service Nicolson Street.
  • The property occupies a site on Nicolson Street with Edinburgh Waverley train station 0.4 miles to the north. The surrounding area is predominantly commercial with upper floor residential. Nearby occupiers include KFC, Sainsbury’s, Lidl and Superdrug.

Available space

Namesq ftsq mAvailability
Ground - Trading/Ancillary5,139477.43Available
Basement - Ancillary6,021559.37Available
1st - Trading/Ancillary1,976183.58Available
S - Split Floor24923.13Available