248 Ferry Road, Edinburgh, EH5 3AN
Sale history
£1,105,000 in September 2019
The property
McEwan Fraser Legal are delighted to be able to present to the market Ravensdown Guest House. Located in the highly desirable connecting area of Ferry Road which is currently trading as a fully serviced seven bedroom guest house and is presented in immaculate condition throughout. The property forms and occupies part of an Edwardian terrace, with main door access spread over three floors including basement storage area and separate owner's accommodation. This is a unique opportunity to purchase a substantial property and business which has been developed in a very particular way and is currently operated with an attention to detail very rarely experienced, located in one of the most historic cities in the world. Ravensdown Guest House currently operates 8 months of the year giving scope for growth in occupancy rates for any buyer. Presently the business is owner managed and enjoys a particular quality of guest experience that has secured them glowing verified customer reviews as the prime place to stay upon visiting Edinburgh. It has served the current owners very well over the many years and could be developed further by its next owners. The property, which is fully double glazed throughout, also has the potential to be redeveloped into a formidable residential residence given the location following the correct planning applications. Ground floor: Main door access which leads into the reception hallway. The breakfast room/guest dining room (should the new owners look to develop this area), owners lounge, double (letting) or owners bedroom with en-suite, office, kitchen shower room and second utility room with the main utility room located in the main cellar area incorporating vast additional storage space, the footprint of which equals that of the ground floor. First Floor: Four double letting rooms all with en-suite shower rooms, two at the front and two at the rear of the property. Second Floor: Three double letting rooms all with en-suite shower rooms, two at the front and one at the rear. All bedrooms benefit from toiletries, central heating, Wi-Fi, Freeview TV, hairdryer, tea and coffee facilities and are available with ample on-street free car parking with a secure locked rear garden parking for motorcycles and bicycles. IP CCTV operates throughout the property giving added comfort to guests. Gas, electric, telephone, broadband and water mains serviced. For more information on the business, please visit: http://www.ravensdownhouse.com. Extras (Included in the sale): To be discussed on formal offer.
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