Former Bristol Mill on an expansive 1.5-acre parcel, boasting the potential for a transformation into luxury apartments or student flats.
This prime development opportunity comes with Planning in Principle for 25 residential units, offering remarkable capital growth potential.
Situated in the sought-after town of Galashiels, approximately 35 miles from Edinburgh, this unique lot includes woodland and river frontage, enhancing its allure for a visionary developer.
The planning applications, seeking consent for the conversion of the buildings into 25 residential units with associated parking, are currently under consideration by the Scottish Borders Council (Planning Ref: 17/00935/LBC).
The prospect of converting this historic Bristol Mill presents a perfect investment opportunity, poised for substantial capital growth. Galashiels' strategic location provides convenient travel access to various surrounding Borders towns, making it an ideal locale for a thriving residential development.
Location
Galashiels, situated in the Scottish Borders, boasts a rich heritage rooted in the textile industry, particularly known for its wool and tweed production. The town's historical significance is evident in its cultural fabric. With a focus on diversification, Galashiels serves as a vital transportation hub, well-connected by road and rail, notably through the Waverley Railway Line linking it to Edinburgh and beyond. Home to Heriot-Watt University's School of Textiles and Design, the town emphasises education. While traditional industries persist, endeavours have been made to broaden the local economy, incorporating tourism and retail. Galashiels offers a range of cultural and recreational facilities, including parks and museums, enhancing the overall quality of life. Nestled in the scenic Scottish Borders, the town's proximity to natural beauty adds to its allure for both residents and visitors alike
Accommodation
Approximately 1.5 acres
Terms
Guide Price - £145,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Exceptional commercial development opportunity within a prime location in Galashiels - Guide Price £145,000
- The site comes with Planning in Principle for 25 residential units, offering remarkable capital growth potential once developed. ***RARE OPPORTUNITY***
- ***Unique lot with Approximately 1.5 Acres***
- Fantastic commercial to residential conversion opportunity, Sure to appeal to a shrewd developer looking to convert into luxury apartments or student flats