Residential Conversion project
Description
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 comparables suggest that rental income of £500-£700 per calendar month could be achieved dependent on quality and accommodation format.
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.
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.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- Unconditional (Immediate Exchange)
Call the team on 0141 339 4466 for more information
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