Property for sale
Key information
Property description & features
- Prime Property Auctions is excited to present this exceptional commercial development opportunity within a prime location in Galashiels - Guide Price £145,000
- The site comes with Planning in Principle for 25 residential units, offering remarkable capital growth potential. once developed. *RARE OPPORTUNITY*
- *Unique lot with Approximately 1.5 Acres*
- Fantastic commercial to residential conversion opportunity, Sure to appeal to a shrewd developer looking to convert into luxury apartments or student flats.
- Property is being offered at discount to ensure auction sale
- Prime Property Auctions is excited to present this exceptional commercial development opportunity within a prime location in Galashiels - Guide Price £145,000
- The site comes with Planning in Principle for 25 residential units, offering remarkable capital growth potential once developed. *RARE OPPORTUNITY*
- *Unique lot with Approximately 1.5 Acres*
- Fantastic commercial to residential conversion opportunity, Sure to appeal to a shrewd developer looking to convert into luxury apartments or student flats
- Property is being offered at discount to ensure auction sale
Extraordinary Opportunity: Former Bristol Mill on an expansive 1.5-acre parcel, boasting the potential for a transformation into luxury apartments or student flats.
This prime development opportunity comes with Planning in Principle for 25 residential units, offering remarkable capital growth potential.
Situated in the sought-after town of Galashiels, approximately 35 miles from Edinburgh, this unique lot includes woodland and river frontage, enhancing its allure for a visionary developer.
The planning applications, seeking consent for the conversion of the buildings into 25 residential units with associated parking, are currently under consideration by the Scottish Borders Council (Planning Ref: 17/00935/LBC).
The prospect of converting this historic Bristol Mill presents a perfect investment opportunity, poised for substantial capital growth. Galashiels' strategic location provides convenient travel access to various surrounding Borders towns, making it an ideal locale for a thriving residential development.
Location:
Galashiels, situated in the Scottish Borders, boasts a rich heritage rooted in the textile industry, particularly known for its wool and tweed production. The town's historical significance is evident in its cultural fabric. With a focus on diversification, Galashiels serves as a vital transportation hub, well-connected by road and rail, notably through the Waverley Railway Line linking it to Edinburgh and beyond. Home to Heriot-Watt University's School of Textiles and Design, the town emphasises education. While traditional industries persist, endeavours have been made to broaden the local economy, incorporating tourism and retail. Galashiels offers a range of cultural and recreational facilities, including parks and museums, enhancing the overall quality of life. Nestled in the scenic Scottish Borders, the town's proximity to natural beauty adds to its allure for both residents and visitors alike
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Property reference 199762960. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
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Broadband availability and predicted speed: obtained from Ofcom on March 7, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 7, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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