Large Premises previously operated as an Inn, now with approved planning for 4 residential flats, located within a prime location in Earlston
This versatile space, adaptable for a range of businesses, the property is sure to appeal to investors looking for investment opportunity in sought after locale.
Property will require refurbishment prior to habitation but could achieve market rent of between £2400 PCM / £28,800 PA which could give the property an impressive gross yield of 36% based on the guide of £80,000 once renovated.
Property is sure to appeal to Builders/developers/investors looking for a project and benefits from a rateable value of £6,100 and qualifies for business rate relief and is now being offered at a huge discount to ensure auction sale!
Property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools and sports facilities.
Location
Earlston, nestled in the picturesque Scottish Borders, is a charming town that beautifully blends history with modern living. The town's streets are lined with a mix of traditional stone houses and contemporary homes, creating a welcoming and timeless atmosphere. Earlston's vibrant town centre offers a variety of local shops, cosy cafes, and friendly pubs, providing a warm community feel. Surrounded by rolling hills and lush countryside, Earlston is a haven for outdoor enthusiasts, with plenty of opportunities for walking, cycling, and exploring the natural beauty of the Borders. Discover Earlston, where historic charm meets the comforts of modern life, and every visit feels like a peaceful retreat.
Accommodation
Property Comprises: Large reception area, Spacious Dining area, Bar, Kitchen, WC, Ample Storage Space.
Terms
Guide Price - £60,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Large Premises previously operated as an Inn, now with approved planning for 4 residential flats, located within a prime location in Earlston ***Guide Price of £80,000***
- Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple residential units. Application ref: 09/00036/OUT
- Property will require refurbishment prior to habitation but could achieve market rent of between £2400 PCM / £28,800 PA which could give the property an impressive gross yield of 36% based on the guide of £80,000 once renovated.
- Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!
- Property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools and sports facilities.