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Studio flat for sale
38 Channel Street, First Floor, Galashiels, TD1 1BA
£58,000
38 Channel Street, First Floor, Galashiels, TD1 1BA
£58,000
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 boasts planning permission for the conversion into five flats, each with a potential sale value of up to £125,000 or rental value of £900 per month. This translates to a potential total income of over £50,000 per year, making it an attractive investment opportunity. 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 and Edinburgh City Centre. The seller is open to pre-auction offers, and a legal pack is available upon request. This property presents a unique chance to capitalize on the high demand for residential developments in Galashiels, and interested parties are encouraged to submit their offers and take advantage of this opportunity.