Property · TD9 9HB
For saleListed 597 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Imposing and extensive antiques mill located close to the town centre of Hawick.
Arranged over 5 floors on a corner site, the property has a range of office accommodation, show rooms, staff areas and various WCs and storage rooms on all floors.
An attractive conversion opportunity, the site has previously benefitted from planning permission granted in 2008 (now lapsed) for the residential development of 16 flats and private parking spaces (Planning portal ref - 08/01545/FUL).
Copies of drawing can be requested from Geo and Jas Oliver.
LOCATION: Hawick boasts a variety of shops and recreational pursuits such as golf, tennis, countryside walks and fishing as well as Hawick High School, offering a high degree of primary and secondary education.
Hawick is a wonderful town steeped in a sense of history and tradition.
Known as the Home of Cashmere, the town offers a multitude of varied attractions, including the Borders Textile Towerhouse, Borders Distillery, cinema, Vertish Hill Golf Course and the award-winning Wilton Lodge Park and is famous for its proud rugby tradition.
Hawick is also the venue for the famous annual Common Riding and popular Summer Festival.
The surrounding Border towns are easily accessible as are Edinburgh, Newcastle and Carlisle with the Mart Street bus depot on your doorstep.
Tweedbank is only 17 miles and offers a rail link to Edinburgh, ideal for city commuters.
EPC RATING: Available upon request SIZES Basement/Lower Ground 3 storage rooms Ground 21m x 14.5m and 11 x 6.7m approx First as above Second as above Attic/Penthouse as above
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 2 Lothian Street, Hawick, TD9 9HB
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