Summary - GRETAL RESTAURANT, 13, TEVIOT CRESCENT TD9 9RE
1 bed 1 bath Restaurant
Affordable multi-level commercial unit with conversion potential for savvy buyers.
Freehold four-level Victorian corner building with separate street entrances
This large Victorian corner building in Hawick is offered freehold and marketed for auction, presenting an affordable entry for commercial investors or owner-operators. Arranged over four levels with separate street entrances, the unit currently operates as a bar/restaurant with ground- and first-floor bar areas, a commercial kitchen, multiple washrooms and a sizable cellar with scope for conversion.
The property has clear upside: advertised rental potential of £21,600 per annum, a rateable value of £13,400 and strong footfall on a busy town location. It was previously a townhouse and has genuine potential for re-conversion into residential accommodation or split into multiple income units, subject to obtaining necessary planning permissions.
Material negatives are straightforward. The building needs modernization and partial refurbishment — descriptions note dereliction/dated fixtures in places — and work will be required to convert the cellar or to carry out a full residential reinstatement. The area is classified as very deprived, which can affect tenant mix and long‑term capital growth. The property will be sold at auction, so purchasers should allow time for the auction process and carry out survey and legal checks beforehand.
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