Commercial Valuation | Agency | Investment Advice Building Consultancy | Lease Renewals and Rent Review | Energy Reports Tel. 0131 357 4455 @AlliedEdinburgh www.alliedsurveyorsscotland.com REDEVELOPMENT OPPORTUNITY OFFERS IN THE REGION OF £100,000 Redevelopment opportunity in buoyant market town Suitable for alternative use (subject to planning) Five minute walk from The Square - Scotland's largest market square Extends to approximately 275.85 sq m (2,968 sq ft) Kelso Baptist Church, Bowmont Street, Kelso, Scottish Borders, TD5 7JH
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Commercial Valuation | Agency | Investment Advice
Building Consultancy | Lease Renewals and Rent Review | Energy Reports
Allied Surveyors Scotland plc registered office address is Herbert House, 24 Herbert Street, Glasgow, G20 6NB. Registration No: SC180267 – Registered in Scotland. A list of Directors can be obtained at this address. Allied Surveyors Scotland plc for themselves and for their client whose agent they are give notice that: (1) These particulars are set out as a general outline only for the guidance of intended purchasers or tenants and do not constitute any part of an offer or contract. (2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchaser or tenant should not rely on them as statements or presentations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No person in the employment of Allied Surveyors Scotland plc has any authority to make or give representation or warranty whatever in relation to this property. (4) Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. (5) All plans based upon Ordnance Survey maps are reproduced with the sanction of the controller of H.M. Stationery. Publication Date: September 2019
LOCATION
Kelso is a popular and sought-after market town with a local population of around 6,300 people situated 43 miles south-east of Edinburgh and 18 miles to the east of Galashiels.
It lies at the meeting point of the Tweed and Teviot rivers and its notable features include Floors Castle, the Flemish style cobbled square and a 12th Century Abbey.
Bowmont Street is a main arterial route into the town leading off the Edinburgh Road and is only a short distance from The Square, the largest market square in Scotland. There are a number of local and national occupiers as well as numerous hotels, restaurants and cafes.
The area surrounding the property is residential in nature however there is a retail warehouse immediately adjacent currently occupied by a branch of The Original Factory Shop.
DESCRIPTION
The subjects comprise the former Kelso Baptist Church which is constructed of red sandstone and dates back to the 19th century. It occupies a rectangular shaped plot with residential properties on its south facing elevation and a commercial unit to its north.
Upon entering the property there are two rooms off to either side of the entrance corridor which leads through into the main congregation hall. Six large windows flood the hall with plenty of natural daylight. The flooring throughout these areas has recently been removed.
Externally, there is a path leading around the side of the church to the rear where there is a small area of ground and access to a coal store.
ACCOMMODATION
According to our recent measurement survey the subjects comprise the following approximate net internal area:
189.75 sq m (2,968 sq ft)
TOWN PLANNING
The current use of the property is as a church falling under class 10 of the Use Class Order (Scotland) 1997. We understand the church is not a listed building but it does border the Kelso conservation area. Interested developers should make their own enquiries with the planning department at Scottish Borders Council.
PRICE
Our client is seeking offers in the region of £100,000 for their heritable interest in the subjects.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £8,100 effective 1st April 2017. The uniform business rate for the current year is £0.49 pence in the pound.
Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
SERVICES
The property benefits from mains electricity and water supplies.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate is pending.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the transaction with the purchaser liable for any LBTT or VAT applicable.
