Prominent four-storey commercial building

A prominent four-storey mixed-use building situated on Channel Street in the heart of Galashiels, the largest town and principal commercial and retail centre in the Scottish Borders. Positioned on the town's main shopping thoroughfare, the location benefits from high footfall and excellent transport links, including proximity to the Borders Railway (Waverley Line) providing direct services to Edinburgh from Galashiels and nearby Tweedbank. The property is offered with vacant possession and represents a rare and attractive development opportunity. Full planning permission has been recommended for approval under delegated powers (Scottish Borders Council reference 25/01394/FUL) for a change of use at the ground floor to a restaurant, alongside the formation of three self-contained residential flats across the upper floors. The ground-floor commercial space extends to approximately 2,799 sq ft (220.6 sq m) with generous frontage. The consented upper-floor residential units comprise three one-bedroom flats: Flat 1 on the first floor measuring approximately 37 sq m, Flat 2 on the second floor measuring approximately 43 sq m, and Flat 3 on the third floor measuring approximately 43 sq m. The building is part-renovated and requires completion and refurbishment throughout, offering a clear and deliverable project for investors and developers to finish to their own specification. The property has a rateable value of £19,100 effective 1 April 2023 and has not been elected for VAT.