Surplus properties in Edinburgh' Grange area linked to Sick Kids sold for private homes, netting £5m for NHS
Three large properties in the Grange area linked to the Sick Kids hospital have been sold, netting £5 million for NHS Lothian.
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All three have been acquired by private buyers for conversion into substantial private homes.
The buildings provided services that were linked to the nearby Royal Hospital for Sick Children which until recently was located nearby in Sciennes Road. Following the hospital’s recent move to Little France, next to the Royal Infirmary, it was decided to relocate these services as well.
The two properties at 14 and 16 Hope Terrace, built between 1852 and 1877, opened in 1936 and was the base for the Child and Adolescent Mental Health Services department.
And 10 Chalmers Crescent, built around 1868, housed the Lothian College of Nursing and Midwifery and the Community Child Health Department.
Scarlett Land and Development and Cushman & Wakefield, the joint agents who sold the surplus properties, will also be marketing a further property at 3 Marchhall Crescent in Prestonfield.
The Marchhall Nursing Home is a category B listed building, dated around 1854, which lies within the Blacket conservation area. It served as hospital during the First World War and subsequently became a nursing home.
Will Scarlett, director of Scarlett Land and Development, said: “The sale of this portfolio has raised significant funds for NHS Lothian 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.”
Ollie Barron, senior surveyor with Cushman & Wakefield, added: “We are delighted the purchasers have seen the significant potential these well positioned and historic assets demonstrated. With NHS Lothian moving to modern accommodation, we are pleased to have achieved best value through the sales and raise over £5m on these surplus assets. We look forward to working with NHSL on the launch of a further prime opportunity later this year which is sure to generate significant market interest.”
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