Commercial Retail Property
Offers Around £100,000
Excellent opportunity for residential development or as an investment; this former eatery is fitted with hospitality purposes on the ground floor, with a three bedroom apartment above and rear garden.
•Centrally located former restaurant with large 3 bed flat
•Potential residential development opportunity (STP)
•Only 6 miles from the busy market town of Duns
•Features a delightful south-facing walled garden
•Full Class 3 and takeaway consent
The village of Greenlaw is located approximately 6 miles south of Duns in the Scottish Borders and only 40 miles south-east of Scotland’s capital city, Edinburgh. The property is located to the east of The Square directly opposite the former Town Hall.
It enjoys a wide rural catchment area from its position on the A698 which eventually joins the A1 north of Newcastle via Coldstream. The nearest mainline rail station, meanwhile, is at Berwick-upon-Tweed and only 25 miles from Greenlaw.
Local schooling in the area is excellent for families looking to relocate to the area. Greenlaw Primary School and Gordon Primary School are both in close proximity with the new £20m Berwickshire High School within 15 minutes’ drive.
There are some amenities in Greenlaw including a pharmacy, restaurant/bar and shop but neighbouring Duns offers a wider variety of shops, cafes and businesses.
The subjects comprise a substantial property of traditional stone construction with a slate roof. It was once two properties but has since been converted into one.
There is direct access into the former restaurant premises through the takeaway/reception area. A corridor leads you to the main restaurant space with a delightful sunroom to the rear. The kitchen is not fitted out but it has retained the extraction hood and connections required for new equipment. The remainder of the ground floor comprises a store, preparation area, freezer room and WCs.
The flat requires upgrading but is generous in size and benefits from a private street entrance. It comprises 3 bedrooms, kitchen, bathroom and a dual aspect lounge.
There is a south facing walled garden which would make a lovely seating area in the summer for the restaurant. Alternatively, it could be hived off and retained for the residential accommodation.
According to our recent measurement survey the subjects comprise the following approximate areas:
Ground Floor Restaurant/Takeaway: 132.66 sq m (1,428 sq ft)
3 bed Flat: 61 sq m ( 656 sq ft)
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £4,650. The uniform business rate for the current year is £0.484 pence in the pound.
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 property is served by mains electricity and water.
By appointment through the joint selling agents Allied Surveyors Scotland and Hastings Legal. To arrange a viewing call Hastings Legal on 01573-225999-lines open until 10pm 7 days a week.