24 Royal Terrace boutique hotel in Edinburgh has gone up for sale for £2.25m, and comes with the option of acquiring a vast art collection if desired.
The 16-bedroom property is the brainchild of entrepreneur Alan Campbell, who bought the former Ailsa Craig Hotel and refurbished it at a cost of about £1m, purposefully to share his art collection with a wider audience.
Now Campbell is relocation and is looking for a new owner to take over the business.
Alongside the 16 bedrooms, including two self-contained apartments, plus a bar / restaurant on the ground floor, with a fully fitted kitchen and there are also gardens located to the rear of the property with decked seating areas.
The art collection would be made available to a new buyer on advantageous terms if desired.
24 Royal Terrace is located just a 10 minute walk to Princes Street and Waverley Train Station.
Stuart Drysdale, business agent of Christie & Co who is handling the sale, comments; “This is a rare opportunity to purchase a freehold boutique hotel in the city centre. It is an extensively upgraded property which has proved extremely popular with both international visitors and UK based tourists searching for a high standard of accommodation – currently ranked in the top 6 in Edinburgh. Accommodation in Edinburgh continues to prove popular with both investors and experienced operators.”