Future Property Auctions · 22 Oct 2026 · in 3 days
50 Channel Street, Galashiels, Scottish Borders, TD1 1BA
50 Channel Street, Galashiels, Scottish Borders, TD1 1BA · Scotland
LiveMixed-useFreeholdVacant
- Opening bid
- £135,000a starting bid, not a guide: lots usually sell well above it
- Rent a year
- ≈£43,000est.
- Yield on the opening bid
- –
- Payback
- –
- Net yield, after buying costs, at the opening bid
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- G
- Size
- 2,799 sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
G as stated in the lot details. Check the certificate in the legal pack. Scotland has its own energy rules for commercial buildings (an action plan may be needed on sale or let); MEES doesn't apply there.
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Future Property Auctions' record
Future Property Auctions' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold mixed use lot in Scottish Borders. Offered vacant, so there's no income from day one.
Commercial Investment. **DEVELOPMENT WITH RECOMMENDED PLANNING** A prominent four-storey building on Channel Street, Galashiels. PLANNING recommended for ground-floor restaurant and three self-contained flats above STPC. ATTRACTIVE MIXED USE SCHEME would suite investor or developer a PRIME DELIVERABLE PROJECT in a strong town-centre location. The building is part-renovated & requires completion. Planning reference 25/01394/FUL, Scottish Borders Council. On the principal retail street and now served with Borders Railway (Waverley Line) to Edinburgh from Galashiels and nearby Tweedbank. Prime position on the principal retail street, with high footfall Generous GF commercial space of approximately 2,799 sq ft (220.6 sq m). 3 upper floors suitable for conversion to residential flats. The building is part-renovated and requires completion and refurbishment throughout. It is offered on that basis and represents a genuine project for a purchaser to finish to their own specification. **DEVELOPMENT OPPORTUNITY WITH FULL PLANNING** close to approval & has been recommended under delegated powers on 12 March 2026, subject to conditions, informatives, and the conclusion of a legal agreement for development contributions. A prominent four-storey building at Channel Street, Galshiels. Application 25/01394/FUL (Scottish Borders Council) for change of use from retail to restaurant and the formation of three flats at first, second and third floor levels was recommended for approval under delegated powers on 12 March 2026, subject to conditions and the conclusion of a Section 75 agreement for development contributions. SUPERB Town-centre development – restaurant and three flats – 48–50 Channel Street, Galashiels. The consented flats are three one-bedroom units. Flat 1 (first floor) 37 sq m, Flat 2 (second floor) 43 sq m, Flat 3 (third floor) 43 sq m. A rare development opportunity in the heart of Galashiels. This prominent four-storey building occupies a commanding position on Channel Street, the town's main shopping thoroughfare, with strong footfall and excellent transport links, including the Borders Railway to Edinburgh. Full planning permission has been recommended by the Lead Planning Officer (Scottish Borders Council ref 25/01394/FUL) for change of use to a restaurant at ground floor and the creation of three self-contained flats above, giving an incoming purchaser a clear and deliverable scheme. The ground floor extends to approximately 2,799 sq ft with generous frontage. Offered with vacant possession and a full legal pack. EPC G. Ideal for owner-operators, investors and developers. ATTRACTIVE MIXED USE SCHEME would suite investor or developer aclear and deliverable project with full planning in a strong town-centre location. The building is part-renovated & requires completion. Planning reference 25/01394/FUL, Scottish Borders Council. On the principal retail street and now served with Borders Railway to Edinburgh from Galashiels and nearby Tweedbank.…
Figures come from Future Property Auctions' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.