'Impressive' property with mews apartment on prestigious Edinburgh street sells for over £3.3 million

49 George Street Edinburgh, pictured above, centre, is a prominent retail unit situated in the heart of George Street’s prime pitch.

A listed property on Edinburgh’s most prestigious shopping street that houses a fashion retailer and an unoccupied mews apartment has changed hands for more than £3.3 million.

Buccleuch Property has acquired 49 George Street, in the heart of the city’s New Town, from Columbia Threadneedle Investments for £3.325m. Property experts noted that the building holds a prominent position on the northern side of the street and is in a “100 per cent prime” location between Frederick Street and Hanover Street.

The Grade B listed property extends to almost 8,000 square feet and includes a flagship retail premises, with a new ten-year lease to fashion and lifestyle retailer White Stuff. In addition, there is an unoccupied mews apartment at the rear of the building, accessible via Thistle Street South West Lane, which property professionals said presented an “opportunity for renovation and refurbishment”.