Summary - MONORENE GUEST HOUSE, 23, STIRLING STREET TD1 1BY
7 bed 5 bath Guest House
7-bed freehold guesthouse with conversion potential, auction sale and high-yield projections (subject to planning)..
- Seven bedrooms and five bathrooms across 2,723 sq ft
- Freehold detached guesthouse with private front and rear patios
- Terraced tarmac parking bay for several cars
- Potential for conversion to multiple serviced units (planning required)
- Reported strong mobile signal and fast broadband
- Being sold at auction; immediate offers possible
- Located in a very deprived area; market risks to yields
- Internal areas show dated wear; refurbishment likely required
A substantial detached guesthouse in central Galashiels, offered freehold and sold at auction. The property provides seven bedrooms, five bathrooms and around 2,723 sq ft across multiple floors, with private front and rear patios and terraced tarmac parking for several cars. Its size and layout make it immediately workable as a guesthouse or a candidate for conversion into multiple serviced accommodation units (subject to necessary planning consents).
This lot is aimed squarely at builders, developers and investors prepared to manage planning, fit-out and day-to-day operation. The guide figures in the sale literature illustrate potential: illustrative income assumptions show high headline yields, but these are modelled projections and depend on occupancy, management costs, licensing and any conversion consent. The property shows some dated internal finishes and normal wear; buyers should allow budget for refurbishment, compliance upgrades and any commercial licensing or building work.
Important negatives are clear and factual: the site sits in a very deprived area of Galashiels, sale will be at auction, and any change of use or conversion into multiple units requires planning permission. Mobile signal and broadband are reported as excellent/fast, and parking is included, which help for short-stay let operation. Viewers should treat the quoted income/speculative yields as indicative only and carry out their own due diligence on planning, operating costs and local market demand before bidding.
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