New to market are eight cleared residential development sites in Western Harbour and Granton Harbour on Edinburgh’s waterfront.
The opportunity forms five sites at Western Harbour and three sites at Granton. The sites are considered highly strategic due to the potential for scaled residential development at a time when Edinburgh desperately requires more housing choice.
Western Harbour
The five waterfront residential development sites at Western Harbour total approximately 10.21 acres and are adjacent to the proposed Forth Ports masterplan.
Western Harbour boasts a range of local amenities including a David Lloyd gym, supermarkets, recreational facilities and a new primary school. The sites also neighbour vibrant Leith, voted in October 2021 by Time Out as one of the world’s coolest neighbourhoods following extensive regeneration.
The sites are also well-connected by bus and are set to be even more so given the Newhaven Tram extension. The tram will terminate at nearby Newhaven Village (due to complete in Spring 2023) and it will offer access to Edinburgh city centre with a travel time of approximately 30 minutes, through to Edinburgh Airport via Edinburgh’s West End.
With the potential for c. 600 units, subject to planning, the sites are identified for housing-led-development within the Western Harbour Masterplan. The Western Harbour Masterplan is a housing led mixed-use development anticipated to comprise c. 3,000 residential units with retail and commercial space over 120 acres.
Granton Harbour
There are a further 3 sites at Granton Harbour (which forms part of the wider Granton Waterfront Development). The Granton project is located just three miles north of the city centre and the largest regeneration project of its kind in Scotland and recognised as one of the most exciting in Europe.
The three development sites on offer at Granton Harbour total approximately 3.94 acres and provide an opportunity to create a scaled residential or mixed-tenure development. They also neighbour the proposed Edinburgh Marina Development, which comprises a 429-boat marina, serviced apartments, new housing, commercial and retirement living complexes.
There are also proposals for a future tram extension running along the Granton Waterfront, forming part of a new Granton circular route.
The sites are allocated for housing development under the approved Granton Harbour Masterplan. The overall Granton Waterfront Development provides over 60 acres of newly developed and regenerated land, supported with an investment of over £1.3 billion.
Joint sales agents for the development sites are Scarlett Land and Development and Reith Lambert.
Will Scarlett from Scarlett Land and Development said: “We are incredibly excited to be bringing these eight well recognised sites to market.
“The portfolio provides a rare opportunity in Edinburgh to deliver large scale residential development across multiple tenures and we anticipate strong interest noting this potential.“
Drew Lambert from Reith Lambert said: “Large-scale prime residential sites such as this are a rarity in Edinburgh; these sites are ideally placed, with an excellent range of amenities and well-connected transport links on offer.”