12-14 Picardy Place, Edinburgh | Property for sale | Savills
Price on application

12-14 Picardy PlaceEdinburgh

  • Under offer
  • Sole agency
  • Freehold
Development land

Key features

  • Occupying a highly prominent position on Picardy Place
  • Gross Internal Area (41,053 sq ft), configured to support full service hotel
  • Planning approved for a 67 key hotel with full F&B offering
  • Significant asset management and repositioning potential
  • Generating a strong annual rental income of £147,000

Closing Date Set - Friday 18th September 12 noon. Unique opportunity to acquire a prime hotel development site in the heart of Edinburgh. The property benefits from consent for a 67-bedroom hotel with food and beverage accommodation, set within an attractive traditional Georgian building in one of the city's most sought-after locations.

About this property

  • Given the existing use and arrangement, the Property is particularly well-suited for a hybrid hospitality concept combining uses such as hostel, hotel, or aparthotel subject to the necessary consents. Combined with a potential destination restaurant or bar concept, the building presents the opportunity to become an iconic new venue in central Edinburgh.

Local information

  • 12-14 Picardy Place is situated in a prime city-centre location, adjacent to multiple demand drivers and within easy walking distance of key transport hubs and core commercial, retail, and leisure areas.