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Residential properties for auction in Yarrow, Scottish Borders

Create Alert 1 result Sorry, we currently do not have any listings in 0 miles of Yarrow, Scottish Borders - Please find below the nearest listings available.
Features
Three Storey Former Delicatessen, Brasserie & Offices
Class 3 Hot Food Consent
Residential Development Opportunity (STP)
Busy High Street Location
Freehold
Close to amenities
Excellent transport links

Location
The property is located on the eastern side the High Street in the large town of Galashiels in the heart of the Scottish Borders.
Nearby traders include, Asda Superstore, Iceland, The Clydesdale Bank, JD Wetherspoons, Burtons and Dorothy Perkins in addition to a good range of local independent retailers.
The capital City of Edinburgh is just 30 miles north of the property and is easily accessed by the A7 trunk road or by the Borders Railway within an hour.
Galashiels is the largest town in the Scottish Borders and attracts a wide range of visitors travelling from the North of England into Edinburgh via the picturesque Kielder Forest and The Borders Forest.

Description
• Auction Date: 17th - 18th October 2018
• Guide Price: £125,000+
• Ideal Mixed Use Development Opportunity (STP)
• Busy High Street Location

Services
We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations

Tenure
The property is freehold

Investment Analysis
Subject to planning, the property could be converted to apartments on the upper floors. We envisage that a minimum of four two bedroom residential units could be developed as access could potentially be gained from Overhaugh Street, (subject to planning). Alternatively, following conversion, the top floor office units could be converted to a three bedroom apartment (STP) and the lower floors could remain to provide an income to the freeholder.

Business Rates
The property has a rateable value of £16,300 pa as at 1st April 2017. Please Note, a new tenant or occupier of the property has the right to appeal this rateable value within 6 months of the beginning of the tenancy agreement and this property may also be applicable for small business rates relief.

Guide Price
£125,000+

Buyer’s Premium
2% (min. £3,600) inc. VAT

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8, High Street, Galashiels, TD1 1SD
Three Storey Period Property In Prominent High Street Location – Ideal Mixed Use Residential Development Opportunity (STP)
Type: Residential, Mixed use, Office, Retail - High Street, Restaurant/Cafes, Other Property Types & Opportunities, Offices, Retail
Location: 8 High Street, TD1 1SD
Images: 1
Brochures: 1
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