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Claremont House, 130 East Claremont Street, Edinburgh
£2,200,000 Offers over
Bedrooms
Bathrooms
A unique opportunity has arisen with this building offering 7250sq ft of prime development potential either as a full townhouse over 4 levels and a separate basement garden flat or as a stand alone development to a 5 level townhouse with garden in the west end. Please note that due to Covid-19 the hotel is currently not trading but is expected to reopen in the early part of 2021. Owners will consider selling hotel and we are delighted to present this to the market for development only. The West End Hotel is a terraced Victorian townhouse, which has its accommodation over five main levels and has been refurbished to an exceptional standard and developed with an eye for detail very rarely seen in a hotel of this particular designation, it could also very easily be converted back into a prestigious private residence subject to the correct planning application. The main entrance which gives open access to the Hallway. To the left is the open-plan bar and dining area which utilises the full depth of the property with the bar area capable of holding 25 covers to the front and casual dining area holding 30 covers to the rear and in addition 30 standing. At lower ground level is the communal kitchen for guests staying on a self-catering basis and an adjoining dining area (10) and alongside there is a guests laundry with coin operated machines. Accommodation- There is a total of 10 Letting Bedrooms/Dormitorys, 8 with en suites. 6-bed dorm en suite No of Rooms 39-bed dorm en suite No of Rooms 310-bed dorm en suite No of Rooms 112-bed dorm en suite No of Rooms 118-bed dorm No of Rooms 1 with shared shower room24-bed dorm No of Rooms 1 with shared shower roomFull accommodation capacity is 109 people. The bedrooms are located at first, second and third floor levels as per the 3D floor plan, there are also communal shower room facilities on the first floor for guests in the non-en-suite dormitories and a mirrored vanity area with hairdrying facilities . Lower ground level main has a sizeable commercial kitchen, currently used to cater to the public and groups. Two Separate offices. Office at mezzanine/half landing. House-keeping stores at upper levels and stock cupboard located in the basement. Boiler room in a garden level extension. 4 under pavement stores to the front including beer cellar. The Hotel also benefits from its own private garden. The Hotel has also had permission from Edinburgh council to convert into 5 dwellings with permission granted. Staff Accommodation At lower ground level there is one staff bedroom sleeping 6 with en-suite facilities. External At the rear of the property there is a small townhouse garden and terrace area. ServicesMains water, electricity, drainage and gas. Central heating from gas fired boiler. TenureFreehold. Websitewww.thewestendhotel.co.uk AccountsWill be made available following a formal viewing or note of interest by your solicitor.
By appointment through McEwan Fraser Legal on 0131 524 9797
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
Fantastic Development OpportunityYour property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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