Summary - DELRION SUITE, THE SQUARE TD4 6DB
1 bed 1 bath Commercial Property
Freehold former inn with approved plans for four flats — auction sale, renovation required.
Plans approved for four 2‑bed flats (Application ref: 09/00036/OUT)
Guide price stated £80,000; currently offered at substantial discount
Estimated rent £2,400 PCM / £28,800 PA (advertised projection)
Requires full refurbishment and modernisation throughout
Located in Earlston with good amenities and transport links
Area listed as very deprived — factor in local market demand
To be sold at auction; immediate offers accepted
Freehold with rateable value £6,100 (may affect reliefs)
This large former inn in Earlston is offered as a freehold auction lot with approved plans (ref: 09/00036/OUT) for conversion into four two‑bed flats. The listing notes strong rental potential—estimated at £2,400 PCM (£28,800 PA)—and highlights the property’s appeal to builders, developers and buy‑to‑let investors seeking a refurbishment project in a semi‑rural town.
The building requires full renovation before habitation: internal works, modernisation of the kitchen and basement, and general refurbishment are needed. Sale is subject to auction conditions and any necessary consents; the planning approval exists but buyers must confirm implementation requirements and building standards prior to conversion.
Financially this is a speculative, high‑risk, high‑reward opportunity. The advertising states a guide of £80,000 and an example gross yield of 36% based on that figure once refurbished; the property is also being offered at a substantial discount and is available for immediate offers. Prospective purchasers should factor in refurbishment costs, local area deprivation, and the auction sale process when modelling returns.
Location advantages include central placement in Earlston with good local amenities, transport links and community facilities. The property’s character, large reception and dining areas, and adaptable layout make it suitable for conversion into multiple residential units or alternative commercial uses, subject to planning and building regulations.
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