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Portfolio of 4 Flats

294 Gala Park, Galashiels, Scottish Borders, TD1 1HQ

Guide Price £195,000


  • 294 GALA PARK

  • 146 SCOTT STREET

  • 30 MEIGLE STREET

  • 15 CHURCH SQUARE

The four properties are in popular residential locations on the southern side of Galashiels town centre.

Galashiels is a bustling Borders town and benefits from a good range of shops (including 2 major supermarkets) and a wide variety of recreational …

The four properties are in popular residential locations on the southern side of Galashiels town centre.

Galashiels is a bustling Borders town and benefits from a good range of shops (including 2 major supermarkets) and a wide variety of recreational and sporting facilities. There are several primary schools together with a secondary school located in the town.

The Borders General Hospital and Scottish Borders Council headquarters are both within easy reach and the surrounding countryside, which is noted for its scenic beauty, offers superb opportunities for horse riding, walking, golfing, cycling and fishing. Galashiels has excellent road links with Edinburgh and the north of England and there is a regular train service between the town and Edinburgh.

The properties form an investment portfolio offering a good yield. All four properties have a strong letting history with good occupancy levels and minimal voids. Three of the properties are currently occupied. 15 Church Square is vacant and applications are being sought for a suitable tenant.

All of the properties comply with the latest Government legislation regarding letting. It is estimated that the rental income from the properties is below current market value.

30 Meigle Street, Galashiels, TD1 1LL
Main door, ground floor flat.
Approximately 36 sq m
Open plan sitting room and kitchen, double bedroom, bathroom (bath with shower over, wash hand basin and WC). Front garden and private area of garden ground and coal store to the rear
Current rental income £300pcm

294 Gala Park, Galashiels, TD1 1HQ
Main door, ground floor flat.
Approximately 31 sq m
Sitting room, kitchen, double bedroom, shower room (shower, wash hand basin and WC). Private area of garden ground and coal store to the rear
Current rental income £300pcm

146 Scott Street, Galashiels, TD1 1DX
First floor flat.
Approximately 40 sq m
Sitting room, kitchen, cloakroom (wash hand basin and WC), bathroom (bath with shower over). Private area of garden ground and coal store to the rear
Current rental income £300pcm

15 Church Square, Galashiels, TD1 3JJ
Ground floor flat.
Approximately 40 sq m
Sitting room, kitchen, double bedroom, bathroom (bath with shower over, wash hand basin and WC). Communal garden
Estimated rental income £330pcm