NHS Lothian estate sale returns historic buildings to residential use
May 19 2021
NHS Lothian has disposed of surplus facilities buildings in Edinburgh's Grange area for residential development, netting £5m from the sale.
Linked to the former Royal Hospital for Sick Children, now relocated to Little France, a decision was taken to relocate services to be closer to the new hospital, freeing up the older estate.
The change in ownership has seen Scarlett Land and Development acquire 14 & 16 Hope Terrace as well as 10 Chalmers Crescent for conversion into private homes.
Director Will Scarlett said: “The sale of this portfolio has raised significant funds for NHSL from older properties within the Estate that were identified as being no longer fit for purpose; the joint agents have realised best value by selling direct to owner-occupier purchasers and taking advantage of the particularly buoyant family residential market in Edinburgh. We look forward to working closely with the NHLS Estates team on the remaining instruction.”
A further B-listed property at 3 Marchhall Crescent will be marketed for sale at a later
10 Chalmers Crescent will be converted back into substantial family accommodation
Hope Terrace is among the properties to be offloaded
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