BEECHMOUNT HOUSE: THE EPITOME OF CLASS

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Behold the opportunity to own an historic mansion in the City of Edinburgh

When someone once described class as having “an aura of confidence that is sure, without being cocky”, they must have been talking about Beechmount House. The estate exudes that confidence, borne out of quality, as you drive though the ashlar gate piers and up the long winding path lined by pillars. You’ll see the house, most welcoming in warm-coloured stone and a mass of windows, behind sweeping lawns and mature trees.

Built in 1900 for one of Scotland’s most important bankers, this elegant homestead took on a more heroic role 100 years ago when officers wounded at the Battle of the Somme were welcomed here for treatment and recovery.

The house has most of its original features, including a grand ballroom, imperial staircase, a top-floor drawing room with marble fireplaces, an astonishing viewing turret from which to gaze out over one of the world’s greatest cities.

Now Beechmount House is ready for another bold venture, just as Edinburgh is hotly tipped for significant capital growth in the next few years.

“This is a unique opportunity,” says William Scarlett, director of development at Rettie & Co, who are marketing the property. “It is an iconic Scottish mansion house, set in an original estate of 3.25 hectares (8 acres). It has planning consent for a boutique hotel, but it could be a grand residential home, close to some of Edinburgh’s best private schools. I don’t think there’s anything else like this on the market in Edinburgh – a property this size with this amount of ground. It’s a very exciting property and a unique opportunity.”

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THE PROPERTY: ARCHITECTURAL EXCELLENCE

John Walton, a well-known local architect and head of design at the prestigious Edinburgh School of Art, designed Beechmount House. Built in an Italianate style, it is listed by the Scottish government for its outstanding architectural qualities.

It has 1,550 square metres (16,685 square feet) of floor space. The main part of the house is divided into two wings. At the front is the original and grandest part, south facing, with those awe-inspiring views across the City of Edinburgh from the formal ballroom, drawing room and bedroom suites. Light floods in through dozens of windows, some of impressive stained glass, highlighting the beautiful detail of the cornicing. This was where the original owner entertained the leading lights of Scotland’s wealthiest and most fabulous city, and where a new owner can do so again. There is also a top-floor tower with viewing area, complete with Ionic and Corinthian columns.

THE GROUNDS: SPACE TO BREATHE

The other wing contains the former servants’ quarters, though it is of a similar size and has its own attractive views over the lawns and parkland beyond. At present parts of this wing are rented out, generating an annual income of £61,000. The whole house and its grounds have planning permission to be converted into a 46-suite boutique hotel of 4,610 square metres (49,662 square feet), with detailed plans already drawn up and available for viewing upon request.

Within the grounds there is Gate Lodge of 88 square metres (947 square feet) and a Coach House of 191 square metres (2,056 square feet), all with planning permission to be converted into guest accommodation if the house were converted to a hotel, or staff accommodation. They might be used for security staff should one owner decide to create a wonderfully safe and seriously impressive family home.

From its elevated position on one of Edinburgh’s seven hills, overlooking the city and the Pentland Hills, this is a house with space to breathe. It sits in grounds of 3.25 hectares (eight acres), which are currently a mixture of mature trees and lawns. There is the space to add boutique hotel facilities, such as swimming pools and tennis courts, or to create beautiful gardens, with the Coach House at the top of the adding even more potential.

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THE LOCATION: JUST CLOSE ENOUGH

Beechmount House is just over a mile from Edinburgh’s West End. It is within the affluent Murrayfield suburb, with both good independent schools and upmarket entertainment facilities on the doorstep including Edinburgh Zoo and Murrayfield Ice Rink.

For golf fans, Ravelston, Murrayfield and Carrock Knowe courses are within a decent 3-iron drive of the house, plus another dozen or so courses within a few minutes travelling time. The home of Scottish rugby, Murrayfield Stadium, is within easy walking distance and is occasionally used for football matches and pop concerts hosting top talent like Madonna and One Direction, but not so often as to disturb the peace!

The ancient centre of Edinburgh is three miles away with Edinburgh Castle, the National Museum of Scotland, Royal Botanical Gardens and Holyrood, where the Scottish Parliament meets. Every August the city is host to the Edinburgh Festival, the world’s biggest arts, culture and comedy festival.

Beyond the city, Scotland’s most iconic golf courses are within a short helicopter flight – including Gleneagles at 13 minutes, St Andrew’s at 14 minutes, Carnoustie 18 minutes and Royal Troon 26 minutes away. Both Edinburgh airport and Waverley Station with its sleeper service to London are just ten minutes drive away. Have we mentioned the potential for a boutique hotel?

EDUCATION: SCHOLARS AND STATESMEN

Edinburgh’s reputation came not only for its granite beauty and go-getting attitude through the centuries, but also for the quality of its intellect. The likes of Adam Smith and David Hume led the Scottish enlightenment from here, while Sir Walter Scott, Robert Louis Stevenson and Sir Arthur Conan Doyle showed that drama and romance belong here too. A famous resident today is J K Rowling.

Scotland is famous for the quality of its independent schools, such as The Edinburgh Academy, Fettes College (whose alumni include Tony Blair) and the Mary Erskine School. There are four universities, including the University of Edinburgh, one of the Russell Group of top British universities. So there is great potential as a single family home or luxury apartments, too.

THE PROPERTY MARKET: EDINBURGH RISING

According to Rightmove, the UK’s biggest property listings site, prices in Edinburgh overall are still nearly 50% down on their 2007 level. Within Edinburgh, it lists Murrayfield, where Beechmount House is located, as the most expensive part of the city, with an average property price of nearly £325,000.

While prices are still low in historic terms, Edinburgh’s property values have begun to rise sharply, making this perhaps the last opportunity to buy quality at an affordable price. Real estate analyst Knight Frank compared residential capital growth in each of the cities where the Six Nations Rugby Championships were played recently, and found that Edinburgh’s property market had fared considerably better than Scotland’s rugby team. The city came second for home price rises with nearly 2% growth last year, behind Cardiff but performing far better then London, Dublin, Rome and Paris. Predicting the UK property market up to 2020, global real estate analyst Jones Lang Lasalle listed Edinburgh in the top three places to invest in the UK, saying “Key urban employment hubs such as …. Edinburgh … will continue to prosper and outperform their regional markets.” Their prediction has so far been right, with the Scotsman newspaper reporting in February that Edinburgh prices are currently rising at 3.2%, double the Scottish average.

THE FUTURE AWAITS

With size, location and grandeur, the historically and architecturally significant Beechmount House is ready for its next chapter to be written. Whether that’s as a boutique hotel to be experienced by many or as a private home for one fortunate family, this exceptional property will no doubt continue to demonstrate the same confidence and class that has become synonymous with its name.

THE PRICE

£4,500,000

Want to know more?

To find out more about Beechmount House or to request a personal introduction to the experts managing its sale, please contact us at member@thereserve-asia.com.

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16/F Chao's Building  |  143-145 Bonham Strand  |  Sheung Wan  |  Hong Kong
T: +852 33620 3157  |  F: +852 3753 1811  |  thereserve@infonation-asia.com  |  Data Policy  

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