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Hostel | Newhaven Road | Edinburgh

A unique opportunity has arisen to acquire the leasehold for a newly refurbished and licensed hostel close to Edinburgh City Centre.
The subjects comprise accommodation finished to the highest standard throughout and represent a superb business opportunity.

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Details

The accommodation comprises: 

 

  • Four dorm rooms, each capable of sleeping up to nine

  • Large male, female and disabled access toilets

  • Eight shower rooms

  • Store room

  • Locker area

 

Throughout the property the finish is superb, with new flooring and decor. Smart lighting is installed throughout with works on movement sensor and there is timed electric heating for occupants' comfort throughout. 

 

Each bed has its own private LED wall-mounted lamp with double power point and in-built USB charging point.

 

Location on Newhaven Road, the property is approximately a 15-minute walk to Edinburgh City Centre and will be conveniently located for the new tram extension upon its completion.

 

RENTAL / LEASE TERMS

 

This property is offered to let on FRI (Full repairing and insuring) lease terms at an annual rental of £20,000.

 

RATING

 

We are awaiting confirmation of the ratable value of the property.