Guide price
£54,000
Studio for sale38 Channel Street, First Floor, Galashiels TD1
Auction
Freehold
About this property
Planning approved
Reference- 22/00896/ful
Full building available
Potential rental income of £50,000 per annum
Lot B - Upper level of 38 Channel street Galashiels.
On the upper levels you will find the vacant space which boasts planning permission for 5 flats each with a potential sale value of up to £125,000 per property (over £600,000) or rental value of £900per month (£10,800 per year) giving a potential total income of over £50,000 per year (depending on specification). Planning reference is 22/00896/ful and can be viewed on Scottish Borders council website.
Galashiels enjoys massive demand due to the great leisure and retail amenities and being a great commuter town with well connected roads leading to the A7 offering a 33 mile drive to Edinburgh City Centre.
Perfect location only a 4 minute walk to both the train and bus stations then a 2 minute walk to Tesco or 4 minutes to Asda to name a few of the major retailers within a stones throw from this property emphasizing why there is such high demand for residential developments in this location.
This property will be sold under auction terms and conditions by Braveheart Auctions. For further information speak to one of our dedicated property team.
The seller has indicated they may be open to pre-auction offers on this property so don't miss out. Visit our website today to submit your offer.
Be Brave... Follow Your Heart
*Legal Pack available on request*
On the upper levels you will find the vacant space which boasts planning permission for 5 flats each with a potential sale value of up to £125,000 per property (over £600,000) or rental value of £900per month (£10,800 per year) giving a potential total income of over £50,000 per year (depending on specification). Planning reference is 22/00896/ful and can be viewed on Scottish Borders council website.
Galashiels enjoys massive demand due to the great leisure and retail amenities and being a great commuter town with well connected roads leading to the A7 offering a 33 mile drive to Edinburgh City Centre.
Perfect location only a 4 minute walk to both the train and bus stations then a 2 minute walk to Tesco or 4 minutes to Asda to name a few of the major retailers within a stones throw from this property emphasizing why there is such high demand for residential developments in this location.
This property will be sold under auction terms and conditions by Braveheart Auctions. For further information speak to one of our dedicated property team.
The seller has indicated they may be open to pre-auction offers on this property so don't miss out. Visit our website today to submit your offer.
Be Brave... Follow Your Heart
*Legal Pack available on request*
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