Summary - Channel Street, Galashiels, Selkirkshire, TD1 1BA TD1 1BA
1 bed 1 bath Mixed Use
Large derelict town-centre lot for experienced investors seeking value-add potential.
Freehold mixed-use building, approx. 1,323 sq ft (123 sq m)
Derelict Victorian commercial ground floor with basement; unsafe for internal access
One-bedroom residential unit above; requires full refurbishment
Central Galashiels town-centre location near transport and local amenities
Guide price £20,000; sold by livestream auction on 27 Nov 2025
Buyer's premium applies (3.6% with minimum fee, VAT inclusive)
Change of use potential subject to planning consents and approvals
Area classified as very deprived; rental demand depends on refurbishment quality
A large mixed-use building in central Galashiels, offered freehold with a vacant commercial ground floor and a one-bedroom flat above. The property is Victorian in style and currently derelict; the ground-floor retail area extends to about 123 sq m (1,323 sq ft) including a basement. Its central town-centre position gives clear potential for a refurbished commercial operator, residential upgrade or change of use, subject to planning consents.
The building is unsafe for internal access in its current condition and will need a full programme of refurbishment — significant structural, electrical and cosmetic works are likely. Local amenities, public transport and the Borders railway to Edinburgh are close by, supporting either a tenant-led investment or an owner-occupier commercial venture once works are complete.
Offered at a low guide price, the lot will be sold at livestream auction, making it an opportunity for an experienced investor or developer comfortable with refurbishment and auction purchase mechanics. Be prepared for an additional buyer’s premium (3.6% subject to minimum fee) and to obtain any necessary consents for residential uplift or alternative use. Only external viewings are possible due to safety concerns.
This is a value-add opportunity in a very deprived area: potential for rental demand exists but will depend on quality of refurbishment and any permitted change of use. Buyers should commission structural and condition surveys and check service availability before bidding.
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