World-famous Edinburgh auction house Bonhams' Queen Street premises up for sale

Five floor Edinburgh city centre auction house on the market

The Queen Street home of renowned auction house Bonhams is itself currently up for sale, with the five floor Georgian townhouse available for offers over £1.8 million. In the coming months the international auction house will move its Scottish headquarters in Edinburgh to a new saleroom in Melville Crescent, after its Queen Street lease expired.

The Queen Street building has the potential to become an ‘incredible residential development’, according to the selling agent. Internally, the property has well-kept period features and ‘well proportioned’ rooms with ‘generous’ floor to ceiling heights providing ‘plentiful amounts of natural daylight’. There is a lift which services the townhouse from all levels, and the property also has seven car spaces and access to Queen Street Gardens.

Selling agent Savills described the property as “an exceptional and prominent townhouse with generous car parking in the heart of Edinburgh city centre”. Bonhams new Melville Crescent home has dedicated spaces for a large saleroom, drop-in valuations, and exhibition space.

The Bonhams premises on Queen Street, which is currently on the market for £1.8 million.

May Matthews, managing director of Bonhams Scotland, said: “With the company’s global expansion, it is an exceptionally exciting time for Bonhams. Our operation in Scotland is an integral part of this international network. Our new saleroom at Melville Crescent in the heart of Edinburgh is a step-up in our ambitions to expand the opportunities for Scottish clients to offer their art and collectables to the world.”