LOT 40

80/82 Channel Street, Galashiels, Selkirkshire, Scotland, TD1 1BD

HERITABLE (SCOTTISH EQUIVALENT OF FREEHOLD) VACANT COMMERCIAL PREMISES & UPPER PART
Result: Refer to auctioneer Guide price: £70,000 - £80,000*

Auction Date

Tuesday, 16th July 2019 12:00pm

Location & Description

A double fronted property comprising a ground floor retail unit (previously a fitness club) with internal access to first floor ancillary accommodation. There is a rear service area accessed from Overhaugh Street.
Occupying a prominent position within the town centre, adjacent to Card Factory and close to a variety of multiple retailers including Boots Opticians, O2, Domino’s, TSB, Subway and Nationwide. Galashiels station is within ¼ mile. Galashiels lies about 35 miles south of Edinburgh.

Accommodation

(Based on Scottish Assessors Association website)
Ground Floor: 1,702 sq ft (158 sq m)
First Floor: 1,187 sq ft (110 sq m)

Note

1.Planning granted by Scottish Borders Council on 31.07.2017 (Ref: 17/00814/FUL) for the change of use from fitness suite (Class 11) to form 2 No. retail units (Class 1) and alterations to shop front.
2.There may be potential to convert the upper part into residential and sub-division of the ground floor subject to all necessary consents.

OFFERED VACANT WITH DEVELOPMENT POTENTIAL (STC)

EPC Rating

On application

Status

Joint Auctioneer

Caledonia Management Ltd Tel: 07795 906359 Ref: Colin Steele

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.