Exciting mixed use development opportunity

New to auction is this outstanding multiple exit development opportunity in Halterburn, Scottish Borders, enjoying picturesque rural setting on the Pennine Way with stunning views towards the Cheviot Hills and over the surrounding countryside, close to the Scottish/English border. Dating back to the mid-19th century, this C-Listed building has been used for a variety of purposes, including a hunting lodge once used by former Prime Minister Neville Chamberlain. In more recent years, it was operated as a pub/hotel by Vauxhall Brewery, and ultimately a Christian religious retreat in the early 2000s. The property is being offered as an exciting mixed use development opportunity, and currently comprises a detached two bedroom cottage (Pennine Cottage), with the main building having been partially converted to create a further two x two bedroom apartments (Gamekeepers Cottage and Hill View). A large section of the lodge remains as a development project with the potential to create a substantial family home or, perhaps, some form of commercial enterprise to take advantage of the more than 15,000 hillwalkers who venture along the Pennine Way every year. With only minor works, the detached annex cottage and apartments offer a fantastic opportunity to create immediate income a holiday rentals to serve the large numbers of outdoor enthusiasts who flood to the area for walking or to enjoy the annual Common Ridings Festivals. The competitive Guide Price is sure to attract strong levels of interest given the multiple use potential, and early viewing is essential.

Tenure

Freehold

Area

The rural hamlet of Halterburn is nestled in the Scottish Borders, close to the Scottish/English border, and is surrounded by picturesque countryside and with stunning views towards the Cheviot Hills. The nearby village of Kirk Yetholm is known as the northern point of the 268 mile Pennine Way stretching southwards to the Peak District, and enjoyed by more than 15,000 hillwalkers annually, with these numbers swelled further by those enjoying the annual Common Ridings Festivals. The nearby College Valley, within the Northumberland National Park, adds to the region's popularity with its picturesque landscapes and wildlife, and draws large numbers of tourists to the area.

Local Authority

Scottish Borders Council

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.