NHS Lothian Portfolio

Description

Scarlett were appointed (jointly with Cushman and Wakefield) as Property Advisors for Agency & Marketing Advice from 2019 to 2024 to market and sell an ongoing portfolio of significant NHSL properties and provide NHSL with advice relating to estimated land values (development appraisals), pre-marketing and marketing.

The properties included:

• 27 Morningside Park, – prime residential development opportunity in the heart of Morningside. Sold to a private developer.
• 14 – 16 Hope Terrace – located in the Grange Conservation Area with a GIA of approx. 15,000 sq.ft (1,393 sq.m) including main buildings, outhouses and a tennis court plot.  Sold to a private developer for residential use.
• 3 Marchhall Crescent – located in the prime Blacket residential area with a GIA of approx. 14,000 sq.ft (1,300 sq.m) including a Category B Listed Victorian building.  Sold to a private developer for residential use.
• 10 Chalmers Crescent – located in the Grange Conservation Area.  GIA approx. 11,415 sq.ft (1,060 sq.m).  Sold for private use.

Client