Prime PBSA Development Opportunity
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Prime PBSA Development Opportunity

Edinburgh, United Kingdom

73%

Offers invited

Special purpose

#37638

Value-Add

3 Dec 2025

Property Details

Broker

For sale

49,762 sq.ft.

4,623 m²

GEA

Freehold

X

Fees

0.00 %

0.50 %

0.10 %

0.00 %

0.40 %

Investment Overview

Located off Leith Walk, one of Edinburgh’s most vibrant residential neighbourhoods. Exceptional transport links via tram and bus to City Centre and Edinburgh university campuses. Excellent range of supermarket, retail, restaurant, fitness and leisure amenity located on Leith Walk. The site extends to 0.56 acres and existing building extends to 49,762 sq ft GEA. Minded to Grant Planning Permission for 200-bed Purpose Built Student Accommodation (PBSA) development, subject to Section 75 agreement. 190 cluster en-suite bedrooms and 10 studios in a scheme designed by award-winning Edinburgh architects, Oberlanders. On site amenity includes gym, lounge, roof terrace and courtyard garden. Potential to deliver to EnerPhit (PassivHaus) standard. The property was an operational corn mill until the late 1920’s when it was transformed into Scotland’s largest cinema with a 2,300-seat capacity. From 1961, the property operated as a Bingo Hall until its closure in 2025.