Channel Street, Galashiels, TD1 1BJ

Incredible investment opportunity in the heart of the popular borders town of Galashiels.

Massive, 17,500sqft commercial property in popular Scottish borders town of Galashiels. Potential rental income in excess of £50,000 per annum representing an incredible potential yield of 30%.

The property is comprised of a huge downstairs commercial unit and a generously sized upstairs office space. Planning has already been approved by the Scottish borders council planning department to subdivide the property into 3 independent units.

Rental income for commercial units in the street averages between £15,000 and £17,000 per annum depending on size and usage representing a potential income of £45,000- £51,000 per year giving an outstanding return on investment in HIGH DEMAND location.

The planning application can be seen on their website using planning reference number 22/00787/FUL. There is also planning permission approved for windows to be installed at the rear and side of the property to give any potential investor multiple options with how to develop the property. This can be seen using planning reference number 24/00907/FUL.
The council have also approved planning permission of other properties of a similar size and make up within the street to be converted into residential properties. This is something that could be explored with the planning authority further highlighting the properties potential and versatility.

Channel street is the main commercial street in the town. It is partially pedestrianised and so experiences a very high volume of foot traffic. 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 lot will be sold under auction terms and conditions by Braveheart Auctions.

Speak to one of our dedicated team today for more information or visit our website.



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