24 Royal Terrace is a high quality hotel that received great care from the current owners, who upgraded it extensively. The property is home to a fabulous art collection, which would be made available to a new buyer on advantageous terms, if desired. The current owners are relocating, creating the opportunity for a new owner to take over this desirable business; run under management with full complement of staff.
The hotel is made up of 16 ensuite letting rooms, including two self contained apartments. It also hosts a bar/restaurant on the ground floor, with a fully fitted kitchen. There are also gardens located to the rear of the property with decked seating areas. The location itself is also ideal, located just a 10 minute walk to Princes Street and Waverley Train Station.
Stuart Drysdale, Business Agent of Christie & Co who is handling the sale, comments; “This is a rare opportunity to purchase a freehold boutique hotel in the city centre. It is an extensively upgraded property which has proved extremely popular with both international visitors and UK based tourists searching for a high standard of accommodation – currently ranked in the top 6 in Edinburgh. Accommodation in Edinburgh continues to prove popular with both investors and experienced operators.”
Christie & Co is asking for offers over £2.25m.