Restaurant for sale

The Square, Greenlaw TD10


OIRO
£110,000
2,084 ft²

Features

  • Centrally located former restaurant with large 3 bed flat
  • Features a delightful south-facing walled garden
  • Full Class 3 and takeaway consent
  • Offers around £110,000 invited
  • Only 6 miles from the busy market town of Duns
  • Potential residential development opportunity (stp)

Description

Location


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.
Description


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 with the takeaway/reception area. A corridor leads you through 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.
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)
Price


Our client is seeking offers around £110,000 for the heritable interest in the subjects.
Rateable value


According to the Scottish Assessor's website 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.
Utilities


The property is served by mains electricity and water.

We understand the heating is oil fired with tanks located in the garden area.
Energy performance certificate


The EPC rating is pending.
Legal costs


Each party will be responsible for their own legal costs incurred in the transaction with the purchaser liable for any LBTT or VAT applicable.
Entry


Upon completion of a formal missive under Scots Law.
Viewing and further information


By appointment through the joint selling agent:
Hastings Legal, Kelso Property Shop, 28 The Square, Kelso

Categories

Restaurants
Property reference
TH1140_10