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£115,000

Gala Park, Galashiels, TD1

  • 0 beds
Detached house
Under offer/SSTC

£115,000

  • 0 beds
Detached house
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Estimate monthly mortgage payment:

£525 per month

Minimum deposit amount:

£5,750
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69 Gala Park comprises a semi detached building in a former Victorian School House in a south facing position and dating back to the late 1800s.

- Fantastic re-development opportunity

- Great property in a central location

- Private rear garden

- Accommodation over four floors

LOCATION

The subjects are located at Gala Park just west of the town centre. Galashiels is generally considered to be the principal administrative, retail and social centre for the region effectively serving a population of in excess of 115,000.

There is a significant student population within the town with campuses of Heriot Watt University and Borders College. Borders General Hospital also has close training ties with a number of the Edinburgh universities.

Within recent years Galashiels has benefitted from considerable public and private investment. Developments have included the Gala Water Retail Park, two supermarkets to the east of the town centre and significant transport infrastructure works including the Galashiels Inner Relief Road.

DESCRIPTION

Internally the property has been standing vacant for some time and would make a fantastic development opportunity for conversion to residential property, Class 2 (Financial, professional and other services) or Sui Generis. It occupies grounds extending to approximately 685 sqm (0.17 acre).

The building is of traditional construction with whinstone elevations and a pitched roof clad in slate. Windows predominantly comprise single glazed sash and case units. Rainwater goods comprise cast iron units.

Garden grounds are enclosed with the main garden area to the rear laid to patio and lawn with mature trees and bushes. There is an electric substation situated within the rear garden and has a right of access. Access to the rear garden is via a public car park.

AREAS

The property has been measured in accordance with the RICS Code of Measuring Practice to provide the following approximate areas:

Total: 191.75 sq m / 2,064 sq ft

WHAT3WORDS/// Brick.Degree.Footpath

RATEABLES VALUE

The subjects are currently assessed to a Rateable Value of £11,900 effective from 01-April-2023.

Rateable value information has been obtained from the Scottish Assessors Association website. Whilst believed to be correct, this information has not been independently verified.

SERVICES

All mains services are connected. There are separate mains supplies to each unit.

TENURE

Presumed Absolute Ownership following the Abolition of Feudal Tenure etc (Scotland) Act 2000. This should be confirmed by your solicitor.

VALUE ADDED TAX

Any prices are exclusive of VAT. The subjects are not understood to be elected to VAT.

ENERGY PERFORMANCE CERTIFICATE

EPC pending

VIEWING

By appointment with the sole agents.

Edwin Thompson, Chartered Surveyors

76 Overhaugh Street

Galashiels

TD1 1DP

Tel. 01896 751300

IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:

1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.

2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers

should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their correctness.

3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.

4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.

5. These particulars were prepared in March 2023

Edwin Thompson is the generic trading name for Edwin Thompson Property Services Limited, a Limited Company registered in England and Wales (no.07428207)

Registered office:28 St John’s Street, Keswick, Cumbria, CA12 5AF



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Stamp Duty tax
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Mortgage and legal costs:
£999
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