FOR SALE BY ONLINE AUCTION WEDNESDAY 27TH OF MAY 2026 AT 9AM - ***A RARE REDEVELOPMENT AND INVESTMENT OPPORTUNITY IN THE HEART OF HAWICK TOWN CENTRE***THIS PROMINENT HIGH STREET PROPERTY BENEFITS FROM PREVIOUSLY APPROVED PLANNING PERMISSION FOR THE CREATION OF 9 MODERN RESIDENTIAL FLATS***EXCELLENT POTENTIAL FOR DEVELOPERS, INVESTORS AND MIXED USE OPERATORS ALIKE***
The proposed residential scheme comprises 9 spacious apartments, each extending to approximately 600 sq ft, ideally suited to the strong local rental market and growing demand for quality town centre accommodation. The planning has now lapsed, however the previous consent demonstrates clear redevelopment potential subject to renewed approval.
At ground floor level, the commercial accommodation is already configured internally into two separate retail units, providing immediate flexibility for owner-occupiers, tenants, or future income generation. The prominent frontage enjoys excellent visibility and footfall on Hawick’s busy High Street, surrounded by established retailers, cafés, and local amenities.
***KEY FEATURES***
- Prime town centre location on Hawick High Street
- Former planning consent for 9 residential flats
- Approx. 600 sq ft per apartment
- Ground floor retail premises divided into 2 units
- Significant redevelopment and investment potential
- Mixed-use opportunity with residential and commercial income streams
- Strong rental and resale prospects
- Excellent transport links and local amenities nearby
This is an outstanding opportunity to acquire a substantial mixed-use property with proven development potential in one of the Scottish Borders’ principal towns.
***DESCRIPTION***
Period Stone Property in Hawick within the Scottish Borders, approximately 50 miles to the south east of Edinburgh. The subject property is located on High Street, the main retail pitch in Hawick in the absolute prime position set amongst many shops and eateries include high street brands such as Boots, Greggs, M&Co, Superdrug & William Hill.
Location - The property is located on High Street, the main retail pitch in Hawick in the absolute prime position and is set amongst many shops and eateries include high street brands such as Boots, Greggs, M&Co, Superdrug & William Hill.
Subjects - The property comprises Category B Listed Property of stone construction over ground, 1st, 2nd & 3rd floors with a modern ground floor extension to the rear.
In relation to the lapsed planning permission, full details can be obtained from www.scotborders.gov.uk. Planning reference 21/00378/FUL and 21/00379LBC
***ACCOMODATION***
The property provides the following accommodation:-
G/F sales Zone A 156.90 m2 1,688 sq ft
G/F sales Zone B 157.14 m2 1,690 sq ft
G/F sales Zone C 59.74 m2 642 sq ft
1st/F development potential 139.37 m2 1,499 sq ft
2nd/F development potential 157.50 m2 1,695 sq ft
3rd/F development potential 122.5 m2 1,318sq ft
Total 793.15 m2 8,534 sq ft
Room Specification
Room Size (m) Size (feet)
RETAIL UNIT 1 - 19.2m x 11.6m (62'11'' x 38'0'')
TOILET - 5.79m x 3.81m (18'11'' x 12'5'')
STAFF ROOM /OFFICE- 3.10m x 3.80m (10'2'' x 12'5'')
UNIT 2 - 19.2m x 7.5m (62'11'' x 24'7'')
TOILET
STAFF ROOM /OFFICE
We are informed that VAT is applicable to this Sale.
Scottish Valuation Roll - According to the Scottish Valuation Roll website; this property has a current Valuation Roll:-
Shop unit, 65 High Street - £14,100 RV
Shop unit, 69 High Street - £9,200 RV
Upper floors, 67 High Street - £2,750 RV
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- Pegasus Lodge, Hawick, TD9 8LL, Detached, 3 bedroom - SOLD FEB'26 - £327,500
- Crags, Buccleuch Road, Hawick, TD9 0EL, 4 bedroom - SOLD JAN'26 - £355,000
- Ellrig House, Hawick, TD9 7PR - SOLD JAN'26 - £370,000
Hawick, the largest of the Border towns, with a population of over 14,000 lies on the banks of the River Teviot. The town is famous for its common riding, rugby and fine cashmere companies such as Hawick Cashmere, Johnstons of Elgin, Lyle & Scott, and Pringle of Scotland. The town also provides an extensive choice of amenities ranging from a leisure centre, a variety of specialist independent shops including small supermarkets, and a selection of restaurants and hotels, mostly situated around the High Street.
The A7 which runs through Hawick provides excellent links to Edinburgh or the north of England. The area is also served by the Borders Railway which runs from Tweedbank to Edinburgh, with the station lying approximately eighteen miles away. There is also a busy bus service with links to Carlisle, as well as Edinburgh and the other Border towns.
The nearest major airports are at Edinburgh and Newcastle, which are both around 57 miles away offering flights across the UK and to a number of European and International destinations
GUIDE PRICE - £195,000
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A RARE REDEVELOPMENT AND INVESTMENT OPPORTUNITY IN THE HEART OF HAWICK TOWN CENTRE
EXCELLENT POTENTIAL FOR DEVELOPERS, INVESTORS AND MIXED USE OPERATORS ALIKE
EXCELLENT TRANSPORT LINKS AND LOCAL AMENITIES NEARBY
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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