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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
The vacant upper level of 38 Channel Street in Galashiels has planning permission for the conversion of the space into five flats, each with the potential to sell for up to £125,000 or rent for £900 per month, generating a total potential income of over £50,000 per year. The property is located in a highly sought-after area, just a short walk from the train and bus stations, major retailers such as Tesco and Asda, and with easy access to the A7 road, making it an attractive location for commuters. The property is being sold under auction terms and conditions, and the seller is open to pre-auction offers, making it a unique opportunity for potential buyers.