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38 Channel Street, First Floor... Flat for sale
38 Channel Street, First Floor, Galashiels, TD1 1BA
£54,000
38 Channel Street, First Floor, Galashiels, TD1 1BA
£54,000
Our Summary
- 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
- This property will be sold under auction terms and conditions by Braveheart auctions
- The seller has indicated they may be open to pre-auction offers on this property so don't miss out
- Planning approved
Description
This vacant space on the upper level of 38 Channel Street in Galashiels has planning permission to be converted into five flats, each with a potential sale value of up to £125,000 or rental value of £900 per month. This would generate a total income of over £50,000 per year. The property is located in a highly sought-after area, with easy access to leisure and retail amenities, and is a great commuter town with good road connections to Edinburgh. The location is also close to major retailers such as Tesco and Asda, making it an attractive development opportunity. The property will be sold under auction terms and conditions, and the seller may be open to pre-auction offers, so interested parties should visit the website to submit their offer.