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Property Listing Details

Property details

  • 7 bedrooms
  • 7 bathrooms
  • 2 reception rooms

Features

  • Freehold
  • A substantial guesthouse with 7 lettings rooms
  • Located in an ideal setting in Edinburgh city centre
  • Trades year round, family run
  • Viewing recommended

Listing view statistics

Last 30 days: 21 page views

Since listed: 2601 page views

Description

Reference - 46851

Description
Castle Park Guest House is an extremely well run business that has been in the same family for over 30 years.

The property and business has been expanded to offer a total of 7 letting bedrooms, a guest lounge and a conservatory with breakfast room.

The guest house trades throughout the year and has recently been awarded a Visit Scotland 2 * award.

Additional marketing is carried but by its own informative website:

Situated in the city centre of Edinburgh, the Castle Park Guest House is only minutes away from Edinburgh Castle, the Edinburgh International Conference Centre (eicc), numerous theatres and the renowned Princes Street.

Sales
The current vendor, keeps the trading figures beneath the current VAT threshold.

Accounts
Current year end accounts can be requested after a viewing by genuinely interested parties.

Trading Hours
The business trades all year round.

Staff
The business is currently managed by the owner’s on a day to day basis.

Building External
The guest house is a Victorian style property set over three levels.

The front of the property is straight to the street.

Building Internal
The main entrance leads into a well-presented reception hallway. The hallway is tastefully decorated and gives access to all areas private and public.

The breakfast room is located to the rear of the property and is accessed from the reception hallway. The breakfast room comes fully equipped and benefits from being well furnished with wooden tables and high-backed chairs, and is tastefully decorated in neutral décor with laminate flooring and leads out to the conservatory.

To the left on entering, you will find the owners lounge, which has previously been used as a letting room and even owners accommodation. The lounge is well presented and furnished with carpet flooring along with sofas and a bay window to the front of the property.

There are currently 7 letting bedrooms in use, but with the potential for 8. All of the letting rooms have en-suite facilities or a private bathroom located on the first and second floors of the property.

The rooms comprise of a good mix of doubles, twins, family and single rooms. All of the bedrooms have been furnished to a good standard and include TV, tea/coffee making facilities and wifi.

The kitchen is located beyond the conservatory. The kitchen is fully fitted with wall and floor units, along with integrated appliances with plenty of worksurface. The kitchen then gives owners/staff access to what was previously the owners lounge but is now currently used for staff and storage.

Residential Accommodation
The owners currently don’t live on site but the property has the rooms to revert back to a good size owners accommodation should the new owners wish to do so.

Tenure
We are advised that the property is freehold

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is a superb, rarely available lifestyle change opportunity to purchase a well established family run business, which offers an all year round trade and excellent profits along with genuine growth potential for any new owner.

A viewing is highly recommended to fully appreciate the property, location and business opportunity in general.

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Haymarket 0.5 miles
  • Edinburgh 1.1 miles
  • St Thomas Of Aquin's High School 0.1 miles
  • Tollcross Primary School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Haymarket 0.5 miles
  • Edinburgh 1.1 miles
  • St Thomas Of Aquin's High School 0.1 miles
  • Tollcross Primary School 0.2 miles

Market stats

Sale activity

  • £779,704
  • Price decrease

  • -£7,450
  • (-0.946%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £645,584
  • Properties sold

    17

Rental opportunities

Not known

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

Approximate costs
£
per month

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The Agent

Price history

Sold prices provided by Land Registry
21st Dec 2018 £799,995 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Bruce & Company. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bruce & Company for full details and further information.