A city centre boutique hotel that is located just a stones throw away from Edinburgh Castle has been put on the market by Christie & Co.
It does not come without a hefty price tag however, with the property being advertised for sale at £2,350,000.
That being said, it is ideally located to take advantage of Edinburgh’s booming tourism industry and would make the perfect venture for those with hospitality experience.
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Rooms in the hotel have a view of Princes Street and the Castle and will be situated in the heart of the action in Edinburgh’s city centre.
The decor of the hotel is modern and it does not appear that new buyers would have to carry out extensive renovations before operating the business.
RightMove advertise the property as: “No 53 Frederick Street is a superbly presented boutique style rooms business in the heart of Edinburgh's New Town.
“With 14 bedrooms providing 35 bed spaces, plus a high quality one bed owner's flat, this is a rare opportunity to acquire a first class business in prime central Edinburgh.
“The business occupies a prime address in the heart of Edinburgh’s Georgian New Town.
“The new St James Quarter and close-by George Street provide the prime retail pitches within the city and are home to the new Gleneagles Townhouse, Intercontinental Hotel, Kimpton Hotel and soon to open luxury W Hotel.
“In addition the renowned tourist attractions of Princes Street, Edinburgh Old Town, Royal Mile and Edinburgh Castle (which can be seen from some rooms) are all within a short walk.
“Frederick Street also provides very easy access to the city’s tram network (direct to Edinburgh International Airport), city wide bus network and both Edinburgh Waverley and Haymarket stations.
“Our clients have enjoyed developing this room-driven business to the highest standard over the last 20 years and now feel it is best suited to a small corporate operator or private investor to continue its success and final development.”
Those wishing to learn more about the business can do so by visiting the RightMove site here.
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