Map view Street view 38 Channel Street, Galashiels, TD1 1BA not specified / Retail / General Retail For Sale - £203,000.00 Available - Last updated: 06 October 2025 Excellent development and investment opportunity. Well-established retail premises sold with Grade A tenant paying over £16,000 per year and additional planning permission granted for 5 apartments on the upper floors.36-38, Channel Street, Galashiels is a prime commercial premises on the ground level you will find the stable, long term tenant of over 20 years who has extended their lease by a further 5 years on 9/9/2024.Savers owned by AS Watson Health and Beauty is a highly successful retailer generating £754,800,000 revenue in 2023 thanks to the high footfall attending stores in the UK like this one the current rental is £1,370pcm / £16,440 per year with rental guaranteed until at least September 2029.Low rent for the area with the rateable value set at over £23,000- giving the opportunity for increased rental in the future.Massive retail unit measured at 461sqm.On the upper levels you will find the vacant space which boasts planning permission for 5 flats each with a potential sale value of up to £125,000 per property (over £600,000) or rental value of £900per month (£10,800 per year) giving a potential total income of over £50,000 per year (depending on specification). Planning reference is 22/00896/FUL and can be viewed on Scottish Borders council website. Galashiels enjoys massive demand due to the great leisure and retail amenities and being a great commuter town with well connected roads leading to the A7 offering a 33 mile drive to Edinburgh City Centre.Perfect location only a 4 minute walk to both the train and bus stations then a 2 minute walk to Tesco or 4 minutes to Asda to name a few of the major retailers within a stones throw from this property emphasizing why there is such high demand for residential developments in this location.This property will be sold under auction terms and conditions by Braveheart auctions. For further information speak to one of our dedicated property team.The seller has indicated they may be open to pre-auction offers on this property so don't miss out. Visit our website today to submit your offer.Be Brave... Follow Your Heart Property Quote Price(s) DescriptionSale typeGuide pricePrice type For Sale Freehold £203,000.00 NA Documents and links Website Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist