Located alongside to Old Tolbooth Wynd and the Canongate Kirk, Summix said the 91-bed development will serve to regenerate and re-use this neglected and underused location within the heart of the Edinburgh World Heritage Site, as well as providing much-needed student accommodation.

Adjacent to the new Waverley Development, now under construction, the mixed use building will be a contemporary state of the art development comprising of 91 student units in a mix of clusters and studios together with a community space, student common areas, a laundry, cycle parking and bin stores. There is provision for access but car parking is not provided on site.

The design will draw on the existing fabric of the currently neglected buildings which Summix said are at the end of their economic life.

It will also bring economic and social benefits to this part of the Old Town and High Street, estimated to generate more than 60 jobs.

In addition, the development will address the increasing demand for student accommodation in the city.

Stuart Black from Summix said: “We are delighted to submit this application for high-quality student accommodation which will serve to regenerate this rather neglected part of the Old Town through careful redevelopment.

“Great attention has been taken to implement a design-led approach which delivers a final piece of the jigsaw in this World Heritage Site and Conservation area.

“The development also serves to address the increasing demand for student accommodation, fulfilling the ambitious growth plans of universities in the city, which are key drivers of the economy. It also serves to reduce pressure on the private housing market as well as delivering a substantial amount in additional expenditure into the local economy.”