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38 Channel Street, First Floor... Flat for sale
38 Channel Street, First Floor, Galashiels, TD1 1BA
£52,000
38 Channel Street, First Floor, Galashiels, TD1 1BA
£52,000
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 property on the upper level of 38 Channel Street in Galashiels has planning permission to be converted into 5 flats, each with a potential sale value of up to £125,000 or rental value of £900 per month. This would generate a potential total income of over £50,000 per year, depending on the specification. The property is located in a highly sought-after area, with easy access to leisure and retail amenities, and well-connected roads leading to the A7 and Edinburgh City Centre. It's just a 4-minute walk to the train and bus stations, and a short walk to major retailers such as Tesco and Asda. The property will be sold under auction terms and conditions, and the seller may be open to pre-auction offers.