Summary - MONORENE GUEST HOUSE, 23, STIRLING STREET TD1 1BY
7 bed 1 bath Commercial Property
**Standout Features:**
- Detached guesthouse with 7 bedrooms
- Prime location in Galashiels, Selkirkshire
- Spacious layout of 2,723 sq ft
- Potential for renovation and conversion into serviced accommodation units
- Secure private patio areas and ample off-street parking
- Substantial discount: currently guided at £350,000
- Impressive rental yield potential of up to 51%
**Summary:**
Discover an exciting investment opportunity at Monorene Guest House, a stunning detached property set in the picturesque town of Galashiels. With 7 bedrooms and expansive living space, this 2,723 sq ft guesthouse is ripe for conversion into multiple serviced accommodation units, contingent on necessary planning consents. Guided at only £350,000 to ensure a quick sale, the property offers remarkable income potential—capable of generating approximately £14,904 per month at 70% occupancy, translating to an impressive annual yield.
While the property may require some updates to maximize its full potential, its spacious rooms, secure front and rear patios, and parking bay for several cars make it a versatile choice for builders, developers, and savvy investors. Nestled in a vibrant, cosmopolitan neighborhood filled with amenities—from eateries and shops to cultural institutions—this location is perfect for attracting both short-term and long-term residents. Don’t miss this rare opportunity to own a lucrative asset in the heart of the Scottish Borders!
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