THE most expensive apartment in the Scottish capital is now available to rent.

The £1.7 million penthouse within Edinburgh’s Unesco World Heritage Site will be priced at upwards of £5000 per month.

The three-bedroom apartment at The Crescent by CALA Homes overlooks the iconic Donaldson’s School, close to Haymarket in the west of the city.

Property investment, letting and management specialist Tay Letting is managing the property after launching its Edinburgh operations just last year. The firm – which already has more than £32m worth of properties under management – says it is a “significant appointment”.

The agency has also invested more than £10m in Edinburgh properties on behalf of members of its Buyers Club – a one-stop shop for residential investment which highlights investment opportunities, undertakes the acquisition, completes the renovation, lets and then manages the property to deliver returns for the client.

READ MORE: Leading builder plugs into future demand for electric vehicles at new development

Malcolm Pickard, Tay Letting East director, said: “Being appointed on what could be Edinburgh’s most sought-after apartment demonstrates Tay’s growing reputation in the capital. The Crescent is an iconic development and we’re excited to market a number of these special properties.

“We don’t have aspirations of being the biggest letting agency in Edinburgh, but we do intend to be the best.

“We offer landlords a personalised service. Every landlord has my number and can call me morning, noon or night. That’s why word of mouth and Buyers’ Club investment continue to be our biggest growth drivers.”

READ MORE: Edinburgh New Town's luxury £90m development opens to buyers

Philip Hogg, sales and marketing director with CALA Homes (East), said: “The Crescent is unlike anything else currently on offer in the capital – so this is a really exciting opportunity for those looking to make a move.

“The penthouse will make an exceptional home in an outstanding location.”

The spacious rental apartment boasts lift access, two private balconies, three en-suite bedrooms, spacious living areas and original artwork. The 84 residences sits in 18 acres of gardens just a mile from Princes Street.