Moffats, 82 High Street, Coldstream, TD12 4DH
3 Bed House - Townhouse
Offers Around £239,000
Residential Townhouse with Option of Commercial Business
About the property
The townhouse itself offers accommodation of generous proportions and enjoys a lovely aspect over the rear garden with views overlooking the River Tweed. With the accommodation extending over two floors, there is potential for some of the accommodation to be used as B&B accommodation, indeed this is something that the current vendor has fairly recently ventured into himself which has been well received and it would appear that for those that wish to, there is obvious scope to develop this side of things further to further increase the income stream potential.
Alternatively for those seeking a lifestyle opportunity that offers an adaptable work/life combination, there is also the option of purchasing the business as well, as a going concern. Currently still trading, the retail element provides a turnover of around £200,000 with scope for the new owner to develop and progress the business further.
Coldstream itself is well known as the gateway to Scotland and is set on the banks of the River Tweed with beautiful walks along the riverside and in the nearby Hirsel Country Estate. Local sports include an 18-hole golf course at the Hirsel, tennis courts, horse riding and fishing on the Tweed. It also provides easy access to large variety of walks within the Northumberland National Park and lovely unspoilt beaches on the Berwickshire coast. Coldstream town offers a good primary school and easy access to secondary schools, a variety of shops and is well placed for easy commuting to both Edinburgh and Newcastle via the mainline station at Berwick upon Tweed only 20 minutes away.
Residential Premises: Family Dining Kitchen, Shower Room, Large Lounge, Three Double Bedrooms (Master with En-Suite Shower Room) and Family Bathroom. Large Rear Garden.
Retail premises: Large Retail space with High Street frontage and store room to the rear.
With accommodation extending over two floors the townhouse has its own private access off the High Street as well as secure connecting door from the retail premises. The ground floor consists of a large family room cum dining kitchen which features patio doors to the rear leading directly to the large enclosed garden. The family room to the front is open off the kitchen and as such provides a nice open plan, sociable space, ideal for family gatherings. The shower room on the ground floor provides a useful facility and has been recently upgraded.
The traditional sweeping staircase with cast iron balustrade extends to the upper floor with a large window at the half way point boasting magnificent views of the River Tweed. The lounge is a spacious room with double aspect windows to front and rear, feature fireplace and attractive cornicing. This room also provides plenty of space for dining if require for B&B guests. All three bedrooms are well proportioned double rooms; the master is to the rear and as such overlooks the garden and River Tweed beyond as well as benefiting from built in storage and a freshly presented en-suite. Bedroom two and three are both located to the front and have use of the main bathroom which is partially tiled and fitted with a white three piece suite with shower over the bath.
The rear gardens are a real surprise; south facing with sun throughout the day and fabulous views over the River Tweed beyond. Fully enclosed the gardens are a safe environment for children and pets; mainly laid to lawn with a selection of mature trees and plantings. A paved patio area access via the patio doors off the dining kitchen provides the ideal spot for summer dining.
Council Tax and Rateable Value
The commercial element has a rateable value of £4700 per annum. For properties with a Rateable Value of £15,000 and under occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme, depending on individual circumstances.
The residential element has a council tax band of D
With a prominent high street frontage, the retail premises enjoys a central position within the town with good footfall and free public parking on the High Street and nearby public car park. . Extending to approximately 77sqm, the shop premises benefits from a serving/counter area and extensive wall mounted shelving for confectionary, newspapers/magazines and stationary. Steps down at the rear of the main area leads to a further retail space currently used as display for greeting cards, gift bags etc. From here access opens into a secure store room.
Trading figures can be released to genuinely interested parties following their viewing.
PRICE AND MARKETING POLICY
Offers Around £239,000 for the purchase of the townhouse and commercial premises, excluding the business as a going concern.
For those interested in purchasing the business as a going concern the vendor seeks an additional £20,000 for the business.