Wellgate House is a 16,687 sq ft (1,550 sq m) former office building on a site of 0.084 acres (0.034 hectares) located in the heart of Edinburgh’s Old Town on the Cowgate. 

Close the Royal Mile and the Grassmarket, it is ideally located in an area popular with students. 

Minutes away from Edinburgh University’s Old College buildings and Pleasance Sports Centre. 

The location benefits from various student orientated bars and restaurants and is located within close proximity to the shopping facilities on Princes Street, George Street, and more local facilities at Nicolson Street and Clerk Street. 

Waverly Rail Station is less than 0.5km to the north of Wellgate House. 

The building is situated opposite the former Gilded Balloon site which is now branded SoCo and is to be a major hotel and commercial redevelopment (Planning Reference No: 11/02998/FUL). 

Occupiers in the vicinity include the University of Edinburgh, Edinburgh College of Art, and the Sheriff Court. 

The building has been converted to provide 59 student bedrooms; 44 en-suite bedrooms arranged in 4 and 6 bed cluster flats and 15 studios, including 3 with mezzanine areas on the roof offering exceptional views across Edinburgh.

Edinburgh is the capital City of Scotland and is the 7th largest City in the UK, with a 2010 population of 486,120, and has the strongest economy of any city in the UK outside London. 

The Old Town and New Town districts of Edinburgh were listed as a UNESCO World Heritage Site in 1995. 

Over 4,500 buildings have been listed within the city reflecting the exceptional architectural character and importance of the City. 

Edinburgh is well-known for the annual Edinburgh International Arts Festival and The Fringe, a collection of official and independent festivals held annually over about four weeks from early August. 

The number of visitors attracted to Edinburgh for the Festival is roughly equal to the settled population of the city. 

Over the year Edinburgh attracts 1 million visitors, making it the second most visited tourist destination in the United Kingdom, after London. 

This seasonal influx of population is a distinct characteristic of Edinburgh and provides a unique business opportunity. 

The tourist industry in Edinburgh is also counter cyclical with more domestic tourists staying in the UK and the relative weakness of sterling attracting more foreign visitors.