Beechmount House, 102 Corstorphine Road, Edinburgh, Midlothian, EH12 6TZ

Guide Price £4,500,000



Description

A rare opportunity to purchase an iconic house in a superb location with commanding views over the City of Edinburgh and the Pentland Hills to the south.

Beechmount House is an imposing two storey, Category B listed, Italianate mansion house built for the Treasurer of the Bank of Scotland in 1900 with a later extension added to the rear and extending to approximately 1,550 sq.m (16,685 sq.ft). Set in approximately 3.25 ha (8 acres) of private grounds which include a Gate Lodge and Coach House, both with planning consent for alteration/extension. The house is approached via a private tree lined drive which rises from Corstorphine Road.

Situated near the Murrayfield area of Edinburgh, the property is approximately 4.5 miles from Edinburgh Airport and 1.5 miles from Edinburgh's West End. It offers a prime opportunity for conversion into a large family home, care home or apartments, subject to the necessary consents. Planning consent was granted (1999) for alterations and change of use to form a boutique hotel.

Originally used as a private residence until 1930, it became a convalescence home and then an office before reverting back to residential use. Part of the property is occupied as an HMO with a current rental income approx. £61,000 pa. ERV is £74,580. ERV after small investment is £88,920.

Current Use Class: 8 (Residential Institutions).

In addition to the main house there is also a former Coach House and a Gate Lodge.

Planning consent exists for the conversion of the principal house into a hotel and the extension of the Gate Lodge and Coach House.

Beechmount House offers a unique opportunity to create one of the best located hotels or family homes in Edinburgh as the West End is approx. 1 mile to the east and Edinburgh Airport is approx. 4.5 miles to the west.

Further information (including EPC ratings) can be found in the Data Room (tab above).

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