Let tenant, immediate income and refurbishment potential in Greenlaw village centre..
Freehold commercial unit in Greenlaw village centre
A compact freehold commercial unit in Greenlaw’s village centre, currently let and producing strong gross yield for the buyer. The tenant in situ provides immediate income of £300 pcm, equating to about a 9% gross return at the guide price — attractive for investors seeking cashflow from day one. The space is flexible for retail, café or office use and sits within a terraced row offering period character that suits small, community-focused businesses.
Buyers should note some material practical issues: electricity, water and drainage services are currently shared with 5 West High Street and will require formal separation, and broadband speeds are reported slow. The building’s period nature and image notes suggest historic roof concerns; allow for maintenance and possible refurbishment costs when budgeting. On-street parking is available but there is no private parking.
The property also offers a clear owner-occupier upside if the tenancy ends — a modest footprint ideal for a boutique café, florist or small professional practice — and benefits from excellent mobile signal and a central village position close to local amenities and bus links. Given the very deprived wider area classification, consider local market demand and tenant sustainability when assessing long-term prospects.
Viewings are recommended to assess condition, layout and the scope of any required works to services and roof. For an investor prioritising immediate yield and village-centre exposure, this freehold presents a straightforward, lower-cost entry to the market with defined renovation and utility considerations.