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5 Vault Square, Kelso, TD5 7JU

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£175,000

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£175,000

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Commercial

Vacant

5 Vault Square, Kelso, TD5 7JU

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Rare Commercial Opportunity

Description

  • PRIME NEW LISTING. We are excited to present this Massive vacant commercial unit located within a prime location in Kelso.

  • Sales Evidence:**17, Broomlands, Kelso TD5 7PR sold for £443,000, 23, Broomlands, Kelso TD5 7PR sold for £580,000**

  • This property offers a fantastic development opportunity, perfect for visionary investors looking to transform the space into something spectacular.

  • The property was previously trading as a nightclub. It is massively discounted, providing an exceptional chance to acquire valuable property at a fraction of the price.

  • Previously, there was planning for alterations and extensions to form one dwelling house and seven flats, adding immense value to the future potential of this space.21/00673/FUL

PRIME NEW LISTING. We are excited to present this Massive vacant commercial unit located within a prime location in Kelso.

The property comprises three spacious stories featuring two vibrant bars, three well-appointed WCs, two expansive dance floors, ample storage, and versatile office space.

It has been confirmed that with respect to the Standard Security in favour of the Bank of Scotland, the sums secured were repaid over 20 years ago and I have forwarded the Discharge to the Bank for execution.

This property offers a fantastic development opportunity, perfect for visionary investors looking to transform the space into something spectacular.

The property was previously trading as a nightclub. It is massively discounted, providing an exceptional chance to acquire valuable property at a fraction of the price.

Previously, there was planning for alterations and extensions to form one dwelling house and seven flats, adding immense value to the future potential of this space.21/00673/FUL

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**17, Broomlands, Kelso TD5 7PR sold for £443,000, 23, Broomlands, Kelso TD5 7PR sold for £580,000**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Kelso is a charming market town located in the Scottish Borders, known for its vibrant community and historical attractions. The town offers a blend of picturesque landscapes, bustling markets, and historic sites, making it an attractive place for both locals and visitors.

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Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£23,800

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.