Summary - PUBLIC HOUSE, 5, VAULT SQUARE TD5 7JU
1 bed 1 bath Bar / Nightclub
Large three-storey freehold with strong redevelopment potential for investors.
Prime central Kelso location close to high street amenities
Massive three-storey unit with large rooms and mixed ceiling heights
Previously trading nightclub: two bars, two dance floors, three WCs
Previously applied planning 21/00673/FUL for 1 house + 7 flats (not current)
Freehold title; bank standard security discharge being progressed
Sold at auction — purchase conditional on timed-auction process
Requires full renovation and conversion; significant refurbishment costs
Area classified as very deprived — market uplift may be gradual
This substantial three-storey freehold unit occupies a central spot in Kelso and was previously run as a nightclub. The building offers large rooms, high ceilings to parts of the property, two bars, two dance floors, three WCs, storage and office space — a clear blank canvas for redevelopment or reuse.
Planning for alterations and extensions (21/00673/FUL) was previously submitted to create one dwelling and seven flats, demonstrating realistic conversion potential subject to re-approval. The site benefits from excellent mobile signal and fast broadband, and a discharged bank security has been progressed, simplifying title matters.
The property is offered for sale at auction and marketed at a significant discount to encourage a quick sale. Buyers should allow for substantial refurbishment and conversion costs: the building needs renovation throughout and parts have low ceiling heights and dated nightclub fittings that will require removal or alteration.
Kelso is a market town with local amenities and tourist footfall that could support a residential conversion or a new commercial concept. However, the wider location is classified as very deprived / hampered aspiration, so refurbishment and repositioning will be required to realise value for resale or rental.
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