Union Buildings, 70 High Street, Selkirk, Scottish Borders, TD7 4DD

Description

The property comprises a substantial corner property forming a ground and first floor under a mix of pitched and slate-clad roofs, with additional flat roof areas. It has extensive frontage to both High Street and Back Row, with the main access taken from High Street. The ground floor provides a largely open-plan retail space with additional back-of-house/staff facilities accessed from Back Row. The first floor contains additional staff/storage areas and office accommodation with its own dedicated entrance from Back Row. The property is a former Co-op property located in Selkirk town centre.

Accommodation

Ground Floor: 744.22 sqm (8,010 sqft). First Floor: 256.57 sqm (2,762 sqft). The ground floor is split to provide a largely open-plan retail space with back-of-house/staff facilities. The first floor includes staff/storage areas and office accommodation.

Location

Located at the eastern end of High Street at its junction with Back Row, in Selkirk town centre, within Selkirk's established commercial area. The location provides access to local shops, businesses, cafés, amenities and transport links. Selkirk has road connections to Galashiels, Hawick and the wider Scottish Borders region.

Investment Analysis

The property is a substantial former Co-op commercial premises comprising approximately 1,000.79 sqm (10,772 sqft) over ground and first floors in Selkirk town centre. No completed sales, rental comparables, auctioneer rent estimate, occupancy, lease, tenure, EPC, condition or formal valuation evidence has been supplied. Accordingly, GDV, market rent, refurbishment cost and investment returns cannot be reliably estimated from the available evidence. The £27,000 guide is subject to a Buyer’s Premium and potentially other charges, but the amounts are not provided.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, confirm tenure and vacant or occupied status, inspect the building, establish commercial rental and sales evidence, and quantify the Buyer’s Premium and all additional costs before setting a bid limit.

Works Required

No specific works can be supported from the supplied evidence. A physical inspection and review of the legal pack, including the condition of the mixed roof areas, retail accommodation, offices and services, would be required before budgeting works.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be established. There is no supported purchase-cost basis beyond the £27,000 guide, no refurbishment allowance, no rent evidence and no GDV or refinancing valuation. The Buyer’s Premium and possible additional charges are also unquantified.

Buy-to-Let Analysis

BTL analysis is not possible because no passing rent, rental estimate or sufficiently specific rental comparable has been supplied. The property is described as commercial, so any occupational, reletting and commercial demand assessment would require further evidence.

Flip Analysis

A flip appraisal cannot be calculated because no evidence-supported GDV, works budget or selling-cost allowance has been provided. The commercial scale and configuration require a verified marketability and exit assessment before considering resale.

Investor Risks & Due Diligence

• No completed sales or sufficiently specific rental comparables have been supplied.

• Occupancy, lease and tenure are unknown.

• Building condition, repair requirements and service systems are not evidenced.

• Buyer’s Premium amount is not provided.

• Additional fees may apply and require confirmation from the Articles of Roup or Special Conditions.

• No EPC, council tax or other operating-cost information has been supplied.

• The commercial exit, reletting and resale market has not been evidenced.

Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, confirm tenure and vacant or occupied status, inspect the building, establish commercial rental and sales evidence, and quantify the Buyer’s Premium and all additional costs before setting a bid limit.

Strategy Rating

Analysis Confidence

Only descriptive property information, accommodation measurements and a guide price were supplied; key valuation, rental, condition, tenure, occupancy and cost evidence is absent.