Edinburgh Travel Guest House (ref 1401)

Newington, Edinburgh

Business location

Overview

  • Price: 65000
  • Tenure: Leasehold
  • Business type: Guest house

The city centre is also walkable with a comfortable 20 minute walk. The Meadows, Edinburgh University, Holyrood Park and the Commonwealth pool are all within a short stroll of the business.

The property is a large stone built semi-detached property. Accommodation is arrange over garden level, ground, first and second floors. Main entry is via and entrance vestibule and reception to the front as well as guest entrance to the rear. 

Internally the property briefly comprises 15 letting bedrooms, spread over basement, ground, first and second floors. 8 of the letting bedrooms are en-suite. The remainder share bathrooms. The current breakdown the rooms offer 6 family, 6 doubles, 2 twin & one single room.

The business has been in our client’s ownership since 2014.  Our clients closed the business during the Covid pandemic and have yet to open the premises since the recent relaxation of the guidelines. Therefore an exciting opportunity exists for a hands own owner operator to capitalise on the availability of a well situated accommodation business in Edinburgh. 

There is huge scope to drive the business forward in terms of revenue enhancement – this will be tied into a capital investment programme.

The buThe hotel enjoys a high profile trading location on Minto Street, approximately 1.5 miles south of Princes Street and Edinburgh City Centre.

Minto Street and the Newington area is well known for being a popular location for guest houses and private hotels. The location is on a major bus and public transport link to the city centre.  The business is available on a new FRI lease with a rent of £65,000 per annum. Our clients will offer an initial 10 year lease with a 5 year extension. The tenant will be expected to offer a 3 month rent deposit.