Property · TD5 7JH
Sold STCListed 23 daysAuction 28 Oct · in 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Former church with planning
We are delighted to bring to auction this truly unique opportunity to acquire this former Church on Bowmont Street, Kelso close to the town centre.
The property benefits from full planning permission (21/01829/FUL) for the change of use and alteration of the existing workshop to create a comprehensive mixed-use facility comprising staff accommodation, a film studio and multi-purpose community hall.
The approved scheme incorporates staff accommodation within the building, providing dedicated living/sleeping accommodation together with associated communal facilities, alongside the proposed film studio and substantial multi-purpose community space.
The proposals involve the internal reconfiguration and upgrading of the existing building, with approved plans provided for both the ground and first floors, elevations, roof and specification of works.
The staff accommodation element provides an opportunity to create purpose-designed accommodation for staff associated with the wider use of the premises, whilst the remaining accommodation is designed to facilitate the film studio, and community hall uses.
This represents an excellent opportunity for an investor, developer, community organisation or operator to acquire a property with an established and approved mixed-use scheme, offering significant scope for conversion and redevelopment in a central Kelso location.
Prospective purchasers are strongly advised to review the full planning permission, approved drawings and associated documentation prior to bidding.
Tenure
Freehold
Area
Kelso is a historic and highly regarded market town in the Scottish Borders, situated at the confluence of the Rivers Tweed and Teviot.
The town is renowned for its attractive town centre, traditional architecture and the impressive ruins of Kelso Abbey, with what is described as one of Scotland's largest market squares.
Local Authority
Scottish Borders Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 North Trinity, Bowmont Street, Kelso, Scottish Borders TD5 7JH
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