Auction House UK · 26 Nov 2026 · in 38 days
Vacant ground floor commercial unit
84 Channel Street, Galashiels, Selkirkshire TD1 1BD · Scotland
LiveRetailFreeholdVacant
- Guide
- £50,000
- Rent a year
- ≈£5,800est.
- Yield on the guide
- ≈11.6%est.
- Payback
- ≈8.6 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- B
- Size
- 822 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
B 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.
Auction House UK's record
Auction House UK's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold retail lot in Galashiels. Offered vacant, so there's no income from day one.
Lot -, Commercial Property. Vacant ground floor commercial unit: Commercial unit on Channel Street in the heart of Galashiels town centre. Extending to a net internal area of approximately 76.42 sq m (822 sq ft), the property benefits from an excellent window frontage onto one of the town's busiest thoroughfares, with the added practicality of service and delivery access to the rear. Offered with vacant possession, the unit presents a strong opportunity for both owner-occupiers and investors. The established Class 2 use now falls within the broader Class 1A designation, which allows a wide range of retail, financial and professional service uses without the need for a change of use application. With an EPC rating of B and mains electricity, water and drainage connected, the unit is ready for a new occupier to trade from with minimal outlay. The property has a current rateable value of £8,200. Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less, a significant saving for any incoming business. Early viewing is strongly advised. Tenure: Freehold. Area: Galashiels is the principal administrative, retail and social hub of the Central Borders, serving a wide catchment in excess of 100,000 people. Channel Street sits at the centre of the town's retail core, close to the main taxi rank and surrounded by a mix of national and independent occupiers. The town has seen substantial public and private investment in recent years, including new retail development and major transport infrastructure. The Borders Railway provides a direct service from Galashiels to Edinburgh Waverley in under an hour, with departures every half hour. A sizeable student population, supported by nearby Heriot-Watt University and Borders College campuses, adds further footfall and demand to the town centre.
Figures come from Auction House UK's 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.