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10, Young Street


EH2 4JB Edinburgh
Ref: 12234

  • 0.00 ft² (0.00 m²)
  • 7,400,000
  • 6.60 Initial Yield



• Prime Serviced Apartment Block in Edinburgh City Centre

Investment Summary

  • A rare opportunity to acquire a prime serviced apartment block in Edinburgh City Centre.
  • 10 Young Street is situated in the heart of Edinburgh City Centre within a minute’s walk of George Street and Princes Street.
  • 31 luxury apartments and 10 secure car parking spaces.
  • Operated by Fountain Court via a Partnership Agreement on behalf of GSS Developments expiring on 31 May 2019. The GSS Share of EBITDA for the last 3 years is as follows:

31 May 2015 – £494,564 per annum

31 May 2016 – £494,281 per annum

31 May 2017 – £564,836 per annum 3

Year average GSS Share of EBITDA is £517,894 per annum.

  • 3 options exist on purchase:

Enter into a new agreement at lease expiry with Fountain Court

Appoint an alternative operator when the current partnership agreement expires on 31 May 2019

Obtain vacant possession from date of purchase

  • Heritable Interest (Scottish equivalent of Freehold).

We are seeking offers in excess of £7,400,000

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Janey Douglas
Richard Mackie
Kerr Young

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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