Commercial Property News

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Tuesday, September 05, 2023

Building at Broughton Place, Edinburgh sold for residential development

The UK's leading children's charity, Barnardos, advised by King Sturge is pleased to announce the sale of 22 Broughton Place, Edinburgh to a private Irish investor for 826,000.

Situated within the Gayfield area of Edinburgh, the Grade A listed building is a traditional Georgian town house arranged over lower ground to second floors and benefits from private parking for six cars. It extends to 3,232 sq ft and will be transformed into a stunning residential development, as has been the case with a number of similar buildings in the immediate vicinity. It was built around 1800 and retains retaining many of its original features.

Commenting on the sale, Neil Allan from the King Sturge Edinburgh office said: "Barnardos was seeking to re-organise its property portfolio and is delighted with the outcome of this sale. We received ten offers for this building which went to a closing date on offers over 650,000."

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