Commercial Property News

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Tuesday, January 08, 2024

Edinburgh townhouses sold to Heritor's Residential Property

Acting on behalf of the Viewpoint Housing Association, Ryden has sold three adjacent Georgian townhouses at 6, 7 & 8 Inverleith Terrace in Edinburgh to Heritor's Residential Property (Scotland) Limited at a price of 2.25 million. The property is currently in use as a care home but is to be converted to townhouses.

The three buildings provide 7,282 sq ft and are Listed Category C. Although Viewpoint reluctantly decided to sell Inverleith Terrace, proceeds will be reinvested by them in a new home which will meet the needs of future generations of older people.

Heritor's Residential Property (Scotland) Limited is a joint venture between the Heritor's Group and HBoS. The purchasers were represented by Rettie & Company.