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FOR SALESuperb office / residential development
opportunity in a period Georgian townhouse in Edinburgh’s New Town
EDINBURGHCASTLE
EDINBURGHINTERNATIONAL
CONFERENCECENTRE
ST JAMESSHOPPING
CENTRE
EDINBURGHBUS STATION
CHARLOTTESQUARE
QUEEN STREET
CA
STLE STREET
HA
NO
VER
STREET
PRINCES STREET SOU
TH B
RID
GE
SHANDWIC
K PLACE
GEORGE STREET
HAYMARKETSTATION
WAVERLEYSTATION
ST ANDREWSQUARE
PRINCES STREETGARDENS
QUEEN STREETGARDENS
BUS STOP
TRAMSTOP
TRAMSTOP
COURTYARD
CELLAR CELLAR CELLAR
OFFICE15’11” x 11’11”
4.85 x 3.63M
OFFICE15’11” x 12’9”4.86 x 3.89M
OFFICE22’9” x 15’9”6.93 x 4.8M
OFFICE11’8” x 10’3”3.56 x 3.13M
KITCHEN9’7” x 7’3”
2.91 x 2.22MMEETING ROOM
16’ x 15’16”4.87 x 4.73M
STORE
WC
WC
Location5 Wemyss Place is located in Edinburgh city centre, overlooking Queen Street Gardens. Situated in Edinburgh’s prestigious New Town, the property benefits from exceptional transport links, being within short walking distance of both Waverley and Haymarket train stations, as well as being served by a number of bus routes. Edinburgh City Centre is a vibrant area with a mix of traditional offices, shops and restaurants, alongside prime residential properties.
Internally, the building provides well-proportioned cellular and open plan accommodation and many quality period features characteristic of a Georgian townhouse. The ground floor is currently configured as a large open plan office, 1 smaller office / meeting room plus a WC. The lower ground floor comprises 3 offices and a kitchen which could be converted to another office, providing up to 4 offices, together with an additional WC. The property is in need of refurbishment to meet modern standards either as offices or conversion for residential use subject to the necessary planning consents.
Lower Ground Ground
No. 5
5 Wemyss Place was converted on the lower floors to offices in 1946 with the remainder of the building being split into prime residential apartments. The subjects comprise the ground and lower ground floor of a 5 storey, Category A listed Georgian period townhouse, providing 1,216 sq ft (NIA) and 1,582 sq ft (GIA).
AccommodationThe accommodation has been measured in accordance with the Code of Measuring Practice (6th Edition) to provide the following Gross and Net Internal Areas.
GIA Sq ft Sq M
Ground 936 sq ft 87 sq m
Lower Ground 646 sq ft 60 sq m
Total 1,582 sq ft 147 sq m
NIA Sq ft Sq M
Ground 689 sq ft 64 sq m
Lower Ground 527 sq ft 49 sq m
Total 1,216 sq ft 113 sq m
No. 5
superb office/ residential opportunity
Legal CostsEach party will be responsible for their own legal costs incurred inany transaction.
EPCThe EPC rating for the property is F (99).
Sale TermsWe are seeking unconditional offers in excess of £375,000. This reflects an overall approximate capital value rate of £310 per sq ft (NIA) or £250 per sq ft (GIA).
ViewingFor further information or to arrange a viewing please contact the sole selling agent:
Savills for themselves, and where applicable their joint agent(s), and for vendors or lessors of this property whose agents they are give notice that: i) these particulars are produced in good faith and are set out as a general guide only and do not constitute any part of an offer or contract. They are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to the correctness of each of them; ii) no person in the employment of Savills, and where applicable their joint agent(s), has any authority to make or give any representation or warranty in relation to this property. January 2020.
Henrietta Wilson0131 247 [email protected]
Hugh Rutherford0131 247 [email protected]
TenureHeritable (the Scottish equivalent to English freehold).
PlanningThe property is currently used in accordance with Class 4 of the Scottish Uses Classes Order.
Rateable ValueWe have been verbally advised by The Lothian Valuation Board Joint Board Assessors that the property has a rateable value of £11,700 per annum.
We would recommend that any prospective purchaser makes their own enquiries with the Scottish Assessor’s Office to confirm this figure and satisfy themselves on this point.