1 bedroom maisonette

 

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• Prime Property Auctions is excited to present this excellent BRRR opportunity, a spacious 1 bedroom maisonette located in the sought after area of Galashiels. *Guide Price of £30,000*

 

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• * 3, Hall Street, Galashiels, Selkirkshire TD1 1PJ previously sold £67,500, 13, Hall Street, Galashiels, Selkirkshire TD1 1PJ sold for £68,5000*

 

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• Once fully renovated, the property could command a rental income of 465 - 595 PCM / £5580 - £7140, which could provide an exceptional gross yield of 18.6- 23.8% based on guide price of £30,000.

 

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• * Property is guided at £30,000 to ensure prompt sale and is also under ADS threshold*

 

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• Property requires light renovation. Sure to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity.

 

Prime Property Auctions is excited to present this excellent BRRR opportunity, spacious 1 bedroom maisonette located in the sought after area of Galashiels. *Guide Price of £30,000*

 

Property Comprises: Hallway Entrance, 1 Bedroom, Bathroom, Kitchen, Living Room, Spacious Garden. Needs light Modernisation/Renovation.

 

Sales Evidence: 

 

* 3, Hall Street, Galashiels, Selkirkshire TD1 1PJ previously sold £67,500, 13, Hall Street, Galashiels, Selkirkshire TD1 1PJ sold for £68,5000*

 

Once fully renovated, the property could command a rental income of 465 - 595 PCM / £5580 - £7140, which could provide an exceptional gross yield of 18.6- 23.8% based on guide price of £30,000.

 

Property requires light renovation. Sure to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity.

 

* Property is guided at £30,000 to ensure prompt sale and is also under ADS threshold*

 

Potentially excellent opportunity for serviced accommodation, in the area starting from around £70 per night (subject to gaining necessary planning consents) At 70% occupancy per month, unit could achieve £1490 PCM (£17,885 P/A) which would generate an incredible 59.6% gross yield if secured at the guide of £30,000.

 

Property requires light renovation. Sure to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity.

 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” 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, a bustling town in the Scottish Borders, presents attractive investment opportunities due to its strategic location, robust economy, and ongoing development projects. Positioned on the A7 and with a direct rail link to Edinburgh, Galashiels offers excellent connectivity, enhancing its appeal for businesses and residents alike. The town's economy benefits from a mix of retail, manufacturing, and education, notably hosting Heriot-Watt University's School of Textiles and Design. Significant investments in town centre regeneration and infrastructure improvements are driving growth and revitalization. With its scenic surroundings, rich history, and vibrant community, Galashiels stands out as an appealing destination for investors seeking opportunities in a dynamic and well-connected town.