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Princes Street FOR SALE 100-101 PRINCES STREET EDINBURGH EH2 3AB Landmark Redevelopment Opportunity • Significant refurbishment/redevelopment opportunity PROPERTY • Rare Princes Street non-retail address • 100% prime location SUMMARY • Stunning views of Edinburgh Castle • Arranged over 7 storeys, extending to 19,281 sq ft • A combination of Heritable & Long Leasehold Interests 2 galbraithgroup.com 100-101 Princes Street | Edinburgh | EH2 3AB 100-101 PRINCES STREET CHARLOTTE EDINBURGH SQUARE WEST END QUEEN STREET CASTLE STREET GEORGE STREET FREDERICK STREET ST ANDREW SQUARE PRINCES STREET HANOVER STREET EDINBURGH CASTLE PRINCES STREET GARDENS EDINBURGH WAVERLEY 3 galbraithgroup.com 100-101 Princes Street | Edinburgh | EH2 3AB I N V E R ROYAL BOTANIC L E I GARDENS T H R LOCATION O W Edinburgh is Scotland’s capital D OA city. It is home to 507,000 people R ON W RIST and is one of the fastest growing SITUATION ater of Leith WAR C populations in the UK. OM GRANGE H PARK L E CRICKETThe subjects lie within the heart of IT E L IGLE C CRA L Y A O E BA Edinburgh’s city centre being situated on A M G R N CLUB LEN P R O B M The medieval Old Town and Georgian New Town areE K G M LE I L the northern side of Princes Street which RO R L O Y AD O A recognised by UNESCO as a World Heritage Site. The city BRO R N B N U N is theR capital’s most famous street and GHT I Q A O O T N T A G D RD U N H E E has a strong economyR balancingH financial and business B R K E which hasU traditionally been regarded as O S C G N R O A A Princes Street is onlyN developed on the T S services with software,H biotechnology and creativeR N D V V E F O YRE PLAC A the prime retail andP hotel destination. The SON ROW E R E E ENDER N H S M E R V L R northern side, thus affording views over E R T E industries. Edinburgh is also the most visited cityE in the UK A Y D subjects are within the block bounded by Y C E R C T O Princes Street Gardens to the south and S D T A after London with overB 4 million visitors a year. Tourism E S T D R Frederick Street to the East and by Castle O T ON A toward the world famous Old Town. By R N provides a boost to the local economy of approximately £1 E M E Street to the West. E CALTON HILL LE E AR A billion annually. ARMONTH virtue of their position on Princes Street, T L L GDNS Princes Street comprises predominantly C D ST S LE T the subjects enjoyFET uninterruptedTES ROW views of A ARMO NT S traditional buildings and playsE host to a R NTH E N O The city has a strong educational heritage, boastingGD 4N S SC HE Edinburgh Castle. E EP A K Q LEARMONTH CR ST variety of commercial uses. Surrounding L universities,UE creating an attractive highly skilled labourT LN pool. K T S LANE D A ENS AR S U S W FERR P C T CUMBERLAND ST occupiers include Boots, Zara, Russell & Y R N IR H D EA C V T There has been recent significant investment in city D D Bromley and Next. The Street also plays I I E N U L G C amenities and visitor attractions such as the £47m N host to two of the City’s 5 star hotels, The L E O D DON ST N EAST LON U refurbishment of the National Museum of Scotland, which in GREAT KING ST A Balmoral at the East end and the Waldorf C T S E S S 2014 became the most visited attraction outside London. S Astoria Edinburgh (The Caledonian) at the T T T U E N TERRACE R West End. N RAVELSTO BROUGHTON ST L I Edinburgh benefits from a world class transport H O W A O Y PLACE N O NORTHUMBERLAND ST N R A E infrastructure. Edinburgh airport serves over 100 million R W O M S L M E T E passengers per year, making it the 5th busiest airport in the R S E T UK, with over 40 airlines serving more than 130 worldwide E T destinations. The city has 2 main railway stations, Waverley HERIOT ROW and Haymarket, which provide connections to all the major UK cities. The city also benefits from excellent road communications ALBYN PL QUEEN STREET YORK PLACE LO with the M8 and M9 providing access to the west, the M90 Q N D U DO A E N O THISTLE ST HANOVER ST THISTLE ST HILL ST FREDERICK ST from the north and the A1/A7 from the south/south-east. E CASTLE ST N R R S ST JAMES D F R E CHARLOTTE ST ANDREW E R CENTRE R T Y S A S STREET T GEORGE E WALKER STREET T SQUARE E S SQUARE ILL ROSE STREET CHESTER STREET ELV C PALMERSTON PLACE MANOR PLACE M ORSTORPHINE ROAD RO SE PRINCES STREET BU N R THE MOUND N L L P O T CK O E I R R W T R D T A H CE AN H H I S A W B EST 100-101 Princes Street | Edinburgh | EH2 3AB R N COAT E I S Waverley 4 galbraithgroup.com D H G AYM R R Station E E ARKE T GENT T S TE O RD RRAC ND CALTON RD E LA A IT C A TOR D M PH A IC HE S N MURRAYFIELD ST T Edinburgh Castle L RUGBY E M STADIUM OR T HOLYROOD RISO E N ST RR HIGH STREET G PALACE Haymarket E CANONGATE O THE SCOTTISH R PARLIAMENT Station G E I V B LA R ARKET I D SSM D S A Y R G WES E G T G B L E M APPRO D REA A ACH A D R D W HOLYROOD ROAD R O A P S WE OAD O T ST POR R RO L S T V E Y H O C R E A S L N O T A R D PP S S CHAMBERS STREET A T ST T WE P L E A S P O A E N IDG N N R I B T C N LAURISTO C AI O N P T L E N A O OU N CE F L S T S O EE ST D N DUN S T R AD CE S O T GORGIE R RA E E R E L T T E ARK O P N LE G LACE N P AN ORE A M L R IL E G D A M S I N V G T MEADOWS I e E O W c N Glengyle Terra BRUNTSFIELD F T O E R R T R LINKS AD H A RO ENS C Park Rd RD E er M RD GA d E O TH M n LV EF AR e ILL T LW E r E LA PO W r D S R Wa RIV C H E H I I T S E E R C M ER T LA H T O P TH O AR LD A LW N FIE U O R P TS A N S U E C V R B H E L N O M U A N E O N T R D STRA THEARN PL CHURC H HILL STRATH EARN ROAD DESCRIPTION 100 Princes Street The property was originally designed as the Windsor Hotel by Robert Paterson in 1879 and is a Category B Listed Building. The frontage is of decorative ashlar sandstone surmounted by slate covered pitched and mansard roofs with decorative ironwork crowning the flat roofed sections. The accommodation itself is arranged over basement to fifth floors. The basement level largely comprises storage, cellar and plant accommodation with the ground floor offering a glazed entrance vestibule leading to the main cantilevered dog-leg stairwell with barley twist bannisters and lift access to the upper floors. The upper floors provide a mixture of larger open plan rooms on the first and second floors, whilst the third to fifth floors are arranged to provide bedroom accommodation. There is a small roof terrace which can be accessed via and external stair from the fifth floor. 101 Princes Street This element of the property is of more modern steel frame construction. Built in the mid-1970s along with the remainder of the Boots building at 101 to 103 Princes Street, the frontage is of a marble panel form finish and the property is topped by a flat roof, part of which forms an element of the building’s rooftop car park. The accommodation within this building is split across the second and third floors. The second floor currently comprises a restaurant, kitchen and function facilities, whilst the third floor accommodation is configured as 4 bedrooms. 5 galbraithgroup.com 100-101 Princes Street | Edinburgh | EH2 3AB Historic image - all fittings and furniture now removed Historic image - all fittings and furniture now removed 6 galbraithgroup.com 100-101 Princes Street | Edinburgh | EH2 3AB TENURE ACCOMMODATION The property comprises two elements, as follows: 100 Princes Street is held by way of the heritable interest (Scottish equivalent of English Freehold).
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