A stunning building on Edinburgh's Cowgate could be transformed into a new hotel, after the building was put up for sale for £3million.
The grade A-listed building, home to the former Cowgate Hostel which sits at 96 Cowgate in the heart of Edinburgh's Old Town, has been marketed by property agents Rettie this week as a 'Prime Mixed-use Redevelopment Opportunity'.
The upper three floors house the Faculty of Advocates on a lease until 2038, however the bottom three floors currently lie vacant.
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Property agents say the building could be converted for use as a hostel, serviced apartments, student accommodation or a hotel.
Their listing, which is advertised on Right Move, says: "Rare and unique opportunity to purchase a Grade A listed building within Edinburgh’s historic Old Town.
"Suitable for a variety of uses including hostel, serviced apartments, student accommodation and hotel - subject to Planning and Listed Building Consent.
"The building is highly prominent and is planned over 6 storeys and is located within Edinburgh’s UNESCO World Heritage site and Edinburgh’s Old Town Conservation Area.
"Upper 3 levels leased to Faculty of Advocates until 2038 at a passing rent of £105,000 per annum.
"The 3 lower levels are vacant and are available for immediate occupation."
To see the listing in full and for pictures of the beautiful building, you can visit Right Move here.
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