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Auction House UK · 26 Nov 2026 · in 38 days

Development / Investor opportunity

3 The Square, Greenlaw, Duns, Scottish Borders TD10 6UD · Scotland

LiveHotelFreeholdGuide cut

Development / Investor opportunity
Guide
£165,000was £195,000
Rent a year
≈£25,400est.
Yield on the guide
≈15.4%est.
Payback
≈6.5 yrs
Net yield, after buying costs
🔒 With access
Likely to sell for
🔒 With access
Energy rating
Not published

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

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What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

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Energy rating

Auction House UK hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

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History

  • First listed on Cornerlot 11 Oct 2026.
  • Guide cut from £195,000 to £165,000 (15% lower), 16 Oct 2026.

Auction House UK's record

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About the lot

Freehold hotel lot in Duns.

Lot -, Commercial Property. Development / Investor opportunity: A rare opportunity to acquire the former Cross Keys Hotel, a prominent landmark property occupying a central position within the historic market town of Duns. Offering extensive accommodation over three floors, the property presents an exciting development opportunity for investors, developers and builders seeking to complete an ambitious residential conversion project. The current owner has commenced works to convert the former hotel into residential accommodation, however the project remains unfinished and is now offered for sale in its current condition. The property provides purchasers with the opportunity to complete the conversion to suit their own specification, subject to any necessary consents and approvals. Extending to a substantial footprint, the building offers enormous flexibility for a variety of potential end uses, including a large family residence, holiday accommodation or other alternative uses, subject to the relevant planning permissions. Occupying a highly visible position overlooking The Square, the property benefits from immediate access to the town's local amenities including independent shops, cafés, restaurants, schools and leisure facilities. Duns is well placed for commuting to Berwick-upon-Tweed, Edinburgh and the Scottish Borders, while the spectacular Berwickshire coastline and surrounding countryside are within easy reach. Tenure: Freehold. Area: The property is situated within The Square in the historic village of Greenlaw, near Duns, in the Scottish Borders. Greenlaw offers a traditional village setting with a range of everyday amenities including local shops, a pharmacy, café, hotel, primary school and community facilities, all within easy walking distance. The surrounding area is well known for its attractive countryside, providing opportunities for walking, cycling and other outdoor pursuits.

Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.