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Guide price

£65,000

Property for sale

Channel Street, Galashiels, Selkirkshire TD1

  • Auction

  • Freehold

Key information

Auction House Scotland

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About this property

  • Mixed use portfolio opportunity

  • Non-trading public house with residential unit above

  • Add value through residential refurbishment

  • Change of use potential subject to consents

  • Central Galashiels location

  • Wheelchair accessible

New to auction is this spacious commercial retail unit, enjoying prime trading location in Galashiels town centre. Extending to approximately 123 sq. Metres (1323 sq. Ft) in an L-shaped footprint, this former bookmakers unit offers an exciting opportunity for an owner/operator business or addition to an existing commercial portfolio. There is also a basement area, accessed by a wooden stair in the front retail space. A full programme of refurbishment works is required, and the unit is currently unsafe for access with only external viewings available. The published rateable value of £9600 means that rates relief may be available through the Small Business Bonus Scheme dependent on purchaser’s circumstances. The competitive Guide Price is sure to attract strong levels of interest, and early expression of interest is essential.

Unsafe properties
Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition. There is little point in a condition survey being undertaken on a home that is unfit for occupation in any case and is being advertised as such.

Island Street enjoys convenient central location close to the town centre of the popular Borders town of Galashiels. The town offers a wide range of retail and leisure options, as well as both primary and secondary schools. Public transport is readily available with regular bus services, and the Borders railway providing services to and from Edinburgh Waverley.
Purchasers notes

Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

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More information

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