The subjects comprise a site irregular in shape, albeit broadly of a rectangular nature, but tapering towards the north end of the site at its junction with Hall Street and Kirk Brae. The site has an extensive frontage to Roxburgh Street of approximately 55 metres with a maximum depth of 21 metres, tapering to around 14 metres close to the road junction. The site rises to the west/south-west, with the properties adjacent on Rosebank Terrace lying at a height above Roxburgh Street. The site is bound on Roxburgh Street by a brick wall.
The site has had planning permission approved subject to conditions. (Ref: 18/00230/FUL). In addition, there is a current decision pending in relation to the replacement of a swimming pool with an additional flat. (Ref: 23/01669/FUL)
The consent involves an engineering design that culverts the burn and uses a sheet pile on the upper slope to create a platform for development. The architect who designed the scheme advises this is a very cost effective method of creating the site.
Location
The subjects are located on Roxburgh Street, Galashiels. Galashiels is the busiest town in the borders with a population of approximately 10,000 and is the main transit Hub for the borders, containing one of two train stations within the Borders and the localities main bus station. Galashiels lies on the main A7 trunk road and is only 40 miles south of Edinburgh. More specifically, the subjects are located on south-west side of Roxburgh Street in a mixed commercial and residential area.
Accommodation
Four floors 19 Flats of 1 and 2 beds - 45.7- 69.4 sq m (492-747 sq ft)
Terms
PROPOSAL:
Our client is seeking offers over £182,750 for the heritable interest of the site.
SERVICES:
We understand that mains water, electricity and gas will be available to the site and that drainage will be connected to the main public sewer.
LEGAL COSTS:
Each party will be responsible for paying their own legal costs incurred in this transaction.
VAT:
All prices quoted are exclusive of VAT which maybe chargeable.
Specification
- Opportunity to purchase a development site in the busiest residential town in the Scottish Borders
- Approved planning permission subject to conditions.
- Situated on a site circa 0.114 Ha (0.28 Acres)
- Offers over £182,750 excl of VAT