*Guide | £100,000 (plus fees)
- Terraced House
- Tenure: Freehold
Call the team on 0141 339 4466 for more information
Residential conversion project
We are delighted to present to auction this exciting residential conversion opportunity in the popular Borders town of Galashiels. Enjoying convenient location close to Galashiels town centre, the property extends over three levels with works appearing to have commenced under historic planning reference 04/02261/COU to form three residential units. Whilst extensive additional works are required to complete the three unit conversion, the current accommodation comprises, on the ground floor, entrance area, WC, public room and two bedrooms. The first floor offers two hallways, sitting room, three bedrooms, dining kitchen and shower-room, with the attic floor comprising four bedrooms and bathroom. Completion of the project into three units could produce substantial end development value, although the option would still exist to adapt the accommodation into a larger single dwelling. On completion of works into three units, market comparable suggest that rental income of £500-£700 per calendar month could be achieved dependent on quality and accommodation format. This is a fantastic opportunity for a builder/investor to complete the works for rental or resale. Early viewing is recommended. Council Tax Band: C.
Tenure
Freehold
Area
Galashiels is a town in the Scottish Borders, situated on the Gala Water river. It is a popular destination for visitors who want to explore the rich history and culture of the region, as well as enjoy the scenic landscapes and outdoor activities. Galashiels has excellent transport links, with regular bus and train services to Edinburgh, Glasgow, and nearby towns. The town also has a modern transport interchange, which opened in 2015 and connects the bus and rail networks.
Energy Efficiency Rating (EPC)
Current Rating E
Local Authority
Scottish Borders Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
