OSBORNE House in Edinburgh, subject to a detailed planning agreement for the development of a 157 bedroom hotel, has been marketed by Christie & Co and Ryden on behalf of S Harrison Developments.
Christie & Co noted that the consent for the building, in the Scottish capital’s Haymarket area, involved “the repurposing of existing offices on site, as well as sensitive areas of the new structure”.
The estate agent said that “the intention will be to work with potential end-user operators and investors to provide a turnkey solution on a leasehold or alternatively hereditary terms (Scottish legal equivalent of English freehold)” .
He added: “The total project will provide a gross interior floor area of 6,028 square meters (64,885 square feet), while a potential second phase may become available in due course which could improve the standard of accommodation. .”
Christie & Co noted that Osborne House was about a five-minute walk from Haymarket station.
Ann Scott, Managing Director of S Harrison Developments, said: “Having delivered the sensitive conversion of Buchan House in St Andrew Square for Malmaison’s boutique hotel brand and delivered a number of successful student accommodation schemes in the city, Edinburgh is a city we are very happy to work in again. We always approach the development process from a collaborative perspective and aim to deliver systems of exceptional quality to owners and operators.
Jon Patrick, Head of Leisure and Development at Christie & Co, said: “Hotel development opportunities in Edinburgh are relatively rare so having a property with existing planning permission is a bonus. Over the past few years we have seen an increase in the number of national and international brands of serviced apartments and apartments targeting expansion into the UK. This particular segment of the hospitality industry has performed well during the pandemic, and we anticipate strong demand from extended stay operators as well as a wide variety of select service brands. »