A valuable heritage site within the India Quay development in Edinburgh is up for grabs for £4m.
EDI Group, a property and investment development company and subsidiary of the City of Edinburgh Council, is selling the 1,520sq m canal facing site within the planned mixed use quarter in the capital's Fountainbridge area. Real estate company JLL is aiming to find a buyer for the site by the end of the year.
Keith McBain, director at JLL, said: "The site is ideally placed to not only capitalise on what will be a new mixed use quarter, but also to penetrate the thriving Edinburgh hotel market. As such, we expect to see a high level of interest from investors and owner operators."
Jen Blacklaw, development manager at EDI Group, said: "EDI is committed to delivering the award-winning masterplan for India Quay, and by offering the site to the market we are another step closer to achieving this. As a key strategic site in Edinburgh, it incorporates a mixed-use of apartments, shops and businesses, along with the largest build-to-rent scheme in Scotland to date. India Quay offers an exciting opportunity, creating a new and vibrant addition to the capital."
European hotel operator Carlton Hotel Collection recently announced it had formed a partnership with the EDI Group to develop a £15m 98-bedroom boutique hotel on Market Street in the Old Town, due for completion in September 2017.