An Edinburgh city centre hotel has been listed for sale and it comes with a huge price tag.
The two-star Claremont Hotel, just off Broughton Road, is located just a stone's throw away from the New Town and has been listed on Rightmove as a perfect opportunity for a residential development opportunity.
Despite the hotel only having two-stars, the site and situation of the building means its price has been set at a dizzying £1.5million.
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Rightmove described it as a "prime residential redevelopment opportunity," adding that the plot includes extensive gardens and parking areas to the rear which can be accessed from Broughton Road which offer scope for a mews-style development.
They say: "Residential redevelopment likely to encompass - one upper townhouse + two double lower apartments with gardens and off-street parking."
The building consists of five levels, although two are below ground level with both a basement and lower basement floor. The lower basement currently consists of an underground function suite and bar with five bedrooms located on the basement floor, as well as a variety of kitchen facilities and en-suite bathrooms.
Three bedrooms are located on the ground floor, four on the first and another four on the top floor with views of the city centre and surrounding area. The area in which the hotel is located in accounts for the hefty price tag but also an opportunity to make use of the city's best amenities being just minutes from its doorstep.
The hotel was originally listed earlier this year as the closing dates remains May 24, 2022, but has been re-listed for another potential buyer to note their interest.
Ob Booking.com, the Claremont Hotel has received hundreds of positive reviews and has a rating of 7.8. One reviewer this year said: "The breakfast was quite large. The room was clean and tidy. The manager was very friendly. The location is 10 min walk to the city centre so getting a bus to anywhere in Edinburgh is easy."
Another added: "The most comfortable bed, EVER! Exceptional value for a hotel so close to the centre of the city. You are given a front door key as well as your room key so you can come and go as you please."
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