Summary - GRETAL RESTAURANT, 13, TEVIOT CRESCENT TD9 9RE
1 bed 1 bath Commercial Property
Versatile multi-floor hospitality space with solid rental potential and refurbishment upside.
Large multi-level commercial unit approx. 3,152 sq ft
A rarely available bar and restaurant in central Hawick offered at a modest guide price, this large multi-level commercial property presents clear income and redevelopment potential. With an estimated rental potential of £21,600 per annum and a rateable value of £13,400, the building suits investors seeking an affordable, lettable unit or an owner-operator wanting substantial space for hospitality plus ancillary uses.
The property occupies four levels with main-door access to both ground and first floors, allowing straightforward conversion into two separate businesses, owner accommodation, or holiday lets while retaining ground-floor trading. The generous footprint (approximately 3,152 sq ft) includes two bar/seating areas, a well-equipped first-floor kitchen, multiple washrooms, and a cellar that could be renovated into entertainment space.
Buyers should note material considerations: the area is classified as very deprived and the tenure is unknown. The sale will be handled via a timed online auction, and the property will likely require refurbishment to maximise value. No flood risk is recorded; mobile signal and broadband speeds are strong, supporting modern hospitality operations.
Overall, this is a pragmatic opportunity for investors seeking rental yield or operators wanting a prominent town-centre trading location with flexible layout and room for improvement.
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