Property for sale

29 Albany Street, Edinburgh EH1

Knight Frank presents a rare opportunity for investors and operators to acquire a fully consented, turnkey 17-unit aparthotel in the heart of Edinburgh's prestigious New Town.

This a-listed Georgian townhouse, complemented by a modern rear extension, blends period elegance with contemporary design. The development offers a thoughtfully curated mix of classic rooms, executive suites, and family units, some with self-catering facilities; appealing to both leisure and corporate guests.

• Forward commit opportunity with bespoke branding and operational flexibility for an incoming purchaser
• Planning approved, with construction commencing in Q3 2025 and completion due Q4 2026
• High-specification finish with energy-efficient systems and a predicted EPC rating of B (offering substantial operational savings compared to most aparthotels/hotels across the city)
• Stylish interiors combining restored Georgian features with modern amenities
• Three sympathetically restored under-pavement cellars for plant, storage, and services
• Prime city-centre location close to Princes Street, Waverley Station, the Old Town and key landmarks
• Strong income potential supported by one of the UK's most resilient hotel markets
• Detailed operational forecasts are available on request from Knight Frank, reflecting a fully managed model with a projected 7.5%–8% ebit in Year 1

With rising demand for high-quality aparthotel accommodation in central Edinburgh, 29 Albany Street represents a compelling long-term investment opportunity.

Full investment pack and financial forecasts available on request from Knight Frank.

*All images have been computer generated and are for illustrative purposes only*

Rateable value will be confirmed upon completion.

Forecasted completion Q4 2026.

29 Albany Street offers a boutique aparthotel located in Prime Central Edinburgh, just moments from the capital's key attractions, business districts, and vibrant cultural scene. Situated within the city's historic New Town, a unesco World Heritage Site, this elegant address is surrounded by grand Georgian architecture and cobbled streets steeped in history.

Guests are a short walk from Edinburgh's premier shopping and dining destinations, including Princes Street, George Street, Multrees Walk, and the St James Quarter. The area is also home to acclaimed restaurants, independent boutiques, and a lively nightlife scene, making it equally attractive to both leisure and business travellers.

With excellent transport links including Waverley Station, the city's tram network with direct airport access, the main bus station, and easy road connections, 29 Albany Street combines convenience with character. Edinburgh Castle, the Royal Mile, and the atmospheric lanes of the Old Town, also a unesco site, are all within easy reach.

Stylish, central, and exceptionally well-connected, this aparthotel represents a prime base for visitors seeking both comfort and an authentic Edinburgh experience.