£90,000 Guide price
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.
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