Monorene Guest House 23 Stirling Street, Galashiels, TD1 1BY

Description

• Prime Property Auctions is excited to present this stunning detached guesthouse, boasting 7 bedrooms over 2,723 sq ft, set within the beautiful location of Galashiels

• Abbotsford Arms Hotel, 63, Stirling Street, Galashiels, Selkirkshire TD1 1BY sold for £500,000, 95-97, Channel Street, Galashiels, Selkirk TD1 1BN sold for £500,000

• Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units.

• Charging £100 per night/ per room at 70%, property could income of £14,904 PCM / £178,850 PA which could give the property an impressive gross yield of 51% based on the guide

• Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!

Prime Property Auctions is excited to present this stunning detached guesthouse, boasting 7 bedrooms over 2,723 sq ft, set within the beautiful location of Galashiels

Property Comprises: 

 - 2 reception rooms  

- 7 bedrooms  

- 5 bathrooms/shower rooms  

- Private and secure front and rear patio areas (pet and child friendly)  

- Terraced tarmacadam parking bay for several cars  

- Spacious kitchen and utility areas  

- Laundry/utility room

Sales Evidence: 

Abbotsford Arms Hotel, 63, Stirling Street, Galashiels, Selkirkshire TD1 1BY sold for £500,000, 95-97, Channel Street, Galashiels, Selkirk TD1 1BN sold for £500,000

Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units.

Charging £100 per night/ per room at 70%, property could income of £14,904 PCM / £178,850 PA which could give the property an impressive gross yield of 51% based on the guide

Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our

button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location

Galashiels, nestled in the heart of the Scottish Borders, is a vibrant town celebrated for its rich textile heritage, scenic beauty, and dynamic cultural scene. Once a powerhouse during the Industrial Revolution, the town's legacy is preserved in landmarks like the Old Gala House, which chronicles its transformation from a modest village to a bustling industrial hub. Today, Galashiels seamlessly blends its historical roots with modern amenities. The town is home to the Heriot-Watt University School of Textiles and Design, renowned for its contributions to fashion and textile education.Cultural enthusiasts can explore the Great Tapestry of Scotland Centre, a testament to the nation's rich history and artistry.Transportation is a breeze with the Galashiels Transport Interchange, a modern facility that integrates bus and rail services, enhancing connectivity within the region. The Borders Railway provides regular services, linking residents and visitors to Edinburgh and beyond. Galashiels also boasts a lively town center, offering a mix of shopping, dining, and entertainment options, all set against the picturesque backdrop of the Scottish Borders' rolling hills. Whether you're drawn by its storied past, educational opportunities, or natural beauty, Galashiels offers a unique and enriching experience.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.