That's right close to the city centre mate, and George street is not far either. Seems like a good price too. If your going for the nightlife, hit Rose street for beers/pub crawl. If you are still standing after that, the cow gate has a few after hour establishments that will keep you oiled till about 4am. If you are are still going, fantsy bar for some stripper action (caus lets face it, at 5am you are not going to pull )