Thu, 10 Mar 2011 | BUSINESS SALE
The original home of The Scotsman newspaper has been put onto the market as a prime development site, with a price tag of around £1.6 million.
The historic five-storey building located in Anchor Close, off Cockburn Street in Edinburgh city centre, was home to the paper from 1860 to 1904, when it moved to new North Bridge offices.
Now, the council-owned, B-listed property has attracted much interest from developers keen to transform it into serviced holiday apartments. Thanks to its prime city centre location, other uses such as commercial offices, a restaurant or student accommodation could also be looked at.
The council's main aim of selling the property – through agents Jones Lang LaSalle – is to safeguard its future, as it currently needs a good deal of maintenance to be carried out. It is hoped that work can begin later this year under the new owners. Currently, the building's ground floor is leased by the Artists Collective Gallery, which is now trying to find a new home.
Councillor and Edinburgh economic development leader, Tom Buchanan, said, “This is part of an exercise to rationalise the council estate - raising significant capital receipts in the process.
“I am pleased that there has been a great deal of interest and am confident that the new occupier of the building will complement and add to the city centre's diverse offering,” he added.
Represents an opportunity for a hospitality acquirer seeking a restaurant with additional takeaway in Harrow.
LEASEHOLD
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire. With a capacity for up to 110 wedding guests, the16th Century traditional building boasts original features, open fireplaces, exposed beams and elegant interio...
LEASEHOLD
Restaurant for sale in Hartley Wintney, Hampshire. Offering a 3-bed flat, a large car park, and a detached property.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.