Commercial Retail Property
Offers In The Region Of £100,000
•Redevelopment opportunity in buoyant market town
•Suitable for alternative uses (subject to planning)
•5-minute walk from The Square – Scotland’s largest market square
•Extends to approximately 275.85 sq m (2,968 sq ft)
Kelso is a popular and sought-after market town with a local population of around 6,300 people situated 43 miles south-east of Edinburgh and 18 miles to the east of Galashiels.
It lies at the meeting point of the Tweed and Teviot rivers and its notable features include Floors Castle, the Flemish style cobbled square and a 12th Century Abbey.
Bowmont Street is a main arterial route into the town leading off the Edinburgh Road and is only a short distance from The Square, the largest market square in Scotland. There are a number of local and national occupiers as well as numerous hotels, restaurants and cafes.
The area surrounding the property is residential in nature however there is a retail warehouse immediately adjacent currently occupied by a branch of The Original Factory Shop.
The subjects comprise the former Kelso Baptist Church which is constructed of red sandstone and dates back to the 19th century. It occupies a rectangular shaped plot with residential properties on its south facing elevation and a commercial unit to its north.
Upon entering the property there are two rooms off to either side of the entrance corridor which leads through into the main congregation hall. Six large windows flood the hall with plenty of natural daylight. The flooring throughout these areas has recently been removed.
Externally, there is a path leading around the side of the church to the rear where there is a small area of ground and access to a coal store.
According to our recent measurement survey the subjects comprise the following approximate net internal area:
189.75 sq m (2,968 sq ft)
The current use of the property is as a church falling under class 10 of the Use Class Order (Scotland) 1997. We understand the church is not a listed building but it does border the Kelso conservation area. Interested developers should make their own enquiries with the planning department at Scottish Borders Council.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £8,100 effective 1st April 2017. The uniform business rate for the current year is £0.49 pence in the pound.
Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
The property benefits from mains electricity and water supplies.
The Energy Performance Certificate is pending.
Each party will be responsible for their own legal costs incurred in the transaction with the purchaser liable for an LBTT or VAT applicable.
On completion of legal formalities.
Our client is seeking offers in the region of £100,000 for their heritable interest in the subjects.
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.