Mixed use portfolio

New to auction is this mixed use portfolio, enjoying central location in the Borders town of Galashiels. The Bridge Inn is a non-trading public house, on the ground floor and entered from Island Street. Above the pub, over first floor and attic mezzanine, is an exciting refurbishment project comprising a three bedroom flat in need of a full programme of refurbishment which, on completion of works, could offer rental income of £7,360 p.a. (published LHA rates). The Bridge Inn also requires extensive improvement works, and could be returned into a trading pub, but may also offer other alternative outcomes, whether commercial use or even conversion to residential. Any works or change of use would, of course, be subject to any required consents/licensing. The competitive Guide Price makes a number of development projects possible, and early viewing is essential to fully appreciate the value on offer.

Tenure

Freehold

Area

Island Street enjoys convenient central location close to the town centre of the popular Borders town of Galashiels. The town offers a wide range of retail and leisure options, as well as both primary and secondary schools. Public transport is readily available with regular bus services, and the Borders railway providing services to and from Edinburgh Waverley.

Local Authority

Scottish Borders Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.