MapGuide price
£90,000Property for sale
Channel Street, Galashiels, Selkirkshire
Virtual tour
Auction
Property
Features and description
- Tenure: Freehold
- Commercial investment
- Currently has a tenant in situ on ground floor
- Current rental value £10,200pa
- Opportunity to add further value
- Well placed unit within the town of Galashiels
Video tours
Commercial property
Superb opportunity to acquire this well-placed corner unit on the prominent Channel Street, Galashiels. The ground floor has a tenant in situ paying a current rental value of £10,200pa giving a yield of 11%. The first floor which is accessed by Park Road is currently split into five rooms and a hallway to form two bedrooms, kitchen, bathroom, and lounge. The property has now been granted Planning Permission to change use of first floor of shops and alterations to form 2 no flats and can be viewed on the Scottish Borders Council website on Planning Reference22/00718/FUL. To ensure you do not miss out on this opportunity, early expression of interest is recommended.
Galashiels is one of the principal towns in the Scottish Borders and has undergone significant levels of investment in recent years. The town enjoys an extensive range of retail and leisure facilities as well as offering all levels of education from pre-school to secondary. The town is also home to Heriot-Watt Scottish Borders campus. Galashiels has become increasingly popular for commuters to Edinburgh with the re-established Borders railway with Edinburgh accessible in approximately one hour. Road transport is via the A7 and A68 roads to access Edinburgh and further afield.
PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Cybercrime Warning:
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. PLEASE NOTE THAT OUR BANK ACCOUNT DETAILS WILL NOT CHANGE DURING THE COURSE OF A TRANSACTION AND WE WILL NOT CHANGE OUR BANK DETAILS VIA EMAIL. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
Superb opportunity to acquire this well-placed corner unit on the prominent Channel Street, Galashiels. The ground floor has a tenant in situ paying a current rental value of £10,200pa giving a yield of 11%. The first floor which is accessed by Park Road is currently split into five rooms and a hallway to form two bedrooms, kitchen, bathroom, and lounge. The property has now been granted Planning Permission to change use of first floor of shops and alterations to form 2 no flats and can be viewed on the Scottish Borders Council website on Planning Reference22/00718/FUL. To ensure you do not miss out on this opportunity, early expression of interest is recommended.
Galashiels is one of the principal towns in the Scottish Borders and has undergone significant levels of investment in recent years. The town enjoys an extensive range of retail and leisure facilities as well as offering all levels of education from pre-school to secondary. The town is also home to Heriot-Watt Scottish Borders campus. Galashiels has become increasingly popular for commuters to Edinburgh with the re-established Borders railway with Edinburgh accessible in approximately one hour. Road transport is via the A7 and A68 roads to access Edinburgh and further afield.
PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Cybercrime Warning:
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. PLEASE NOTE THAT OUR BANK ACCOUNT DETAILS WILL NOT CHANGE DURING THE COURSE OF A TRANSACTION AND WE WILL NOT CHANGE OUR BANK DETAILS VIA EMAIL. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
About this agent
Auction House Scotland - Scotland
Office 2, Craigs Business Centre
Macdowall St, Paisley, Renfrewshire
PA3 2NB
0141 376 7959Auction House Scotland is a robust, respected and experienced company with high service standards. As part of the UK’s leading network of regional auction rooms, we have an extensive database of national and international buyers, and as a result, hold an impressive selling success rate – selling 88% of lots across our 2022 in-room livestream auction sales. Our team include a mix of skilled property professionals with a combined 100+ years of experience in the property industry. With their expertise and honest advice, they can guide you as to the most suitable method of sale for your circumstances. Whether you are buying or selling at auction, our team will be there to guide you throughout the entire sales journey. Regardless of the property type, condition or location in Scotland, our team can help. Get in touch today on [use Contact Agent Button] for free auction advice.