COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 27 October 2020 | Lot 98

80/82 Channel Street, Galashiels, Selkirkshire, TD1 1BD

Sold £125,000

  • Commercial Property
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Tue 27/10/2020

Auction Time

12:00

Auction Venue

Live Stream Only

A Commercial Investment Producing £12,000 per annum with Approved Planning to Convert the First Floor to Provide 2 x Two Bedroom Flats

The property comprises a mid terraced building arranged to provide a double fronted ground floor shop and and self-contained office to the first floor both also with access from Overhaugh Street.

Tenure

Freehold

Location

The property is situated on an established parade amongst the local shops and amenities in central Galashiels. Nearby multiples include Nationwide Building Society, Dominos and numerous other local traders. Transport links are provided by Galashiels rail station.

Planning

Scottish Borders Council granted the following planning in principle (Ref: 19/01778/CONALT) dated 19th December 2019 for: 'Conversion of office/stores and alterations to provide 2no 3 apartment dwellinghouses'

Current Rent Reserved

Current Rent Reserved £12,000 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.