Monorene Guest House, 23 Stirling Street, Galashiels, Selkirkshire, TD1 1BY
- BEDROOMS
7
- BATHROOMS
5
- SIZE
2,723 sq ft
253 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Prime Property Auctions is excited to present this stunning detached guesthouse, boasting 7 bedrooms over 2,723 sq ft, set within the beautiful location of Galashiels
- ***Abbotsford Arms Hotel, 63, Stirling Street, Galashiels, Selkirkshire TD1 1BY sold for £500,000, 95-97, Channel Street, Galashiels, Selkirk TD1 1BN sold for £500,000***
- Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units.
- Charging £100 per night/ per room at 70%, property could income of £14,904 PCM / £178,850 PA which could give the property an impressive gross yield of 51% based on the guide
- Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!
Description
- Prime Property Auctions is excited to present this stunning detached guesthouse, boasting 7 bedrooms over 2,723 sq ft, set within the beautiful location of Galashiels
- ***Abbotsford Arms Hotel, 63, Stirling Street, Galashiels, Selkirkshire TD1 1BY sold for £500,000, 95-97, Channel Street, Galashiels, Selkirk TD1 1BN sold for £500,000***
- Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units.
- Charging £100 per night/ per room at 70%, property could income of £14,904 PCM / £178,850 PA which could give the property an impressive gross yield of 51% based on the guide
- Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!
Prime Property Auctions is excited to present this stunning detached guesthouse, boasting 7 bedrooms over 2,723 sq ft, set within the beautiful location of Galashiels
*** NOW GUIDED AT £350,000 TO ENSURE QUICK SALE***
Property Comprises:
- 2 reception rooms
- 7 bedrooms
- 5 bathrooms/shower rooms
- Private and secure front and rear patio areas (pet and child friendly)
- Terraced tarmacadam parking bay for several cars
- Spacious kitchen and utility areas
- Laundry/utility room
***MASSIVELY DISCOUNTED TO ENSURE QUICK SALE & POTENTIALLY HIGH YIELDING INVESTMENT***
Sales Evidence:
***Abbotsford Arms Hotel, 63, Stirling Street, Galashiels, Selkirkshire TD1 1BY sold for £500,000, 95-97, Channel Street, Galashiels, Selkirk TD1 1BN sold for £500,000***
Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units.
Charging £100 per night/ per room at 70%, property could income of £14,904 PCM / £178,850 PA which could give the property an impressive gross yield of 51% based on the guide
Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!
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, nestled in the heart of the Scottish Borders, is a vibrant town celebrated for its rich textile heritage, scenic beauty, and dynamic cultural scene. Once a powerhouse during the Industrial Revolution, the town's legacy is preserved in landmarks like the Old Gala House, which chronicles its transformation from a modest village to a bustling industrial hub. Today, Galashiels seamlessly blends its historical roots with modern amenities. The town is home to the Heriot-Watt University School of Textiles and Design, renowned for its contributions to fashion and textile education.Cultural enthusiasts can explore the Great Tapestry of Scotland Centre, a testament to the nation's rich history and artistry.Transportation is a breeze with the Galashiels Transport Interchange, a modern facility that integrates bus and rail services, enhancing connectivity within the region. The Borders Railway provides regular services, linking residents and visitors to Edinburgh and beyond. Galashiels also boasts a lively town center, offering a mix of shopping, dining, and entertainment options, all set against the picturesque backdrop of the Scottish Borders' rolling hills. Whether you're drawn by its storied past, educational opportunities, or natural beauty, Galashiels offers a unique and enriching experience.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Covered
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Monorene Guest House, 23 Stirling Street, Galashiels, Selkirkshire, TD1 1BY
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About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
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Visit our security centre to find out moreDisclaimer - Property reference 216453256. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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