Offers Over £1,200,000
Detached House
5 Bedrooms
5 Bathrooms
4,134 sq.ft
Off Street Parking
Property Description
An Exceptional Opportunity to Create a Substantial Detached Family Home
Located on one of Newington's most sought-after residential streets, 12 West Savile Road presents a rare opportunity to transform a substantial detached villa into an impressive family residence. Formerly part of the Royal Blind School, the property is currently vacant and extends to approximately 4,134 sq. ft, offering considerable scope for refurbishment and reconfiguration. The property occupies a generous plot and benefits from a substantial private rear garden and extensive off-road parking.
Architectural plans and CGI imagery have been prepared to illustrate the potential to create an outstanding five-bedroom family home, subject to the necessary consents. Properties offering this combination of scale, location, garden and parking are rarely available in this part of Edinburgh. The proposed accommodation provides generous living space and flexibility, with the opportunity to create a home tailored to the requirements of the purchaser.
Proposed Accommodation
The proposed ground-floor accommodation includes an impressive open-plan kitchen, sitting and dining room with direct access to the rear garden. Further accommodation includes a drawing room, additional sitting room, playroom or cinema, together with a utility room and WC. On the first floor, the proposed layout provides five generous double bedrooms, including three with en-suite bathrooms, with the remaining two bedrooms served by a Jack and Jill bathroom.
Garden & Parking
The generous rear garden is directly accessed from the proposed kitchen, sitting and dining space, providing an excellent setting for family life, entertaining and outdoor relaxation. The property also benefits from ample off-road parking for multiple vehicles, adding further practicality and appeal to the property.
Planning & Development Opportunity
The property is currently designated as Class 8 Residential Institution use. A Notice of Intention to Grant Planning Permission has been issued for the change of use to a Class 9 private dwellinghouse, together with associated alterations, subject only to the conclusion of a Section 75 agreement. Architectural plans and further CGI imagery are available on request, illustrating how the property could be transformed into a substantial and contemporary family home.
The combination of its detached setting, generous accommodation, garden, parking and proposed five-bedroom layout makes 12 West Savile Road a particularly interesting residential opportunity in one of Edinburgh's most established neighbourhoods.
The planning position should be confirmed by interested parties and their professional advisers.
Rateable Value, Rates Relief & Lbtt
The property currently has a rateable value of £9,700 according to the Scottish Assessors Association. As the property currently remains in non-domestic use, purchasers may be eligible for relief under the Small Business Bonus Scheme. The property is eligible for the Small Business Bonus Scheme, which offers up to 100% relief for properties with a rateable value of £12,000 or less subject to eligibility and individual circumstances.
The property's current non-residential status may also offer a significant Land and Buildings Transaction Tax (LBTT) advantage. As the acquisition is currently expected to be treated as a commercial purchase, LBTT may be payable at commercial rates rather than residential rates, potentially resulting in a substantial saving.
Purchasers should obtain independent legal and tax advice regarding the applicable LBTT treatment and any potential reliefs. Purchasers intending to rely upon borrowing are advised to seek early guidance from their mortgage broker or financial adviser regarding the property's current planning and use status.
More Details
Situation: Contact branch
Council Tax Band: Contact branch
Tenure: Freehold
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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