48-50, Channel Street, Galashiels, Scottish Borders, TD11BA
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- SIZE
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- SECTOR
Commercial property for sale
Key features
- **DEVELOPMENT OPPORTUNITY WITH FULL PLANNING** A prominent three-storey building in the High Street of Galshiels. FULL PLANNING CONSENT for ground-floor restaurant and three self-contained flats above
- 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.
- Prime position on the principal retail street, with high footfall Generous GF commercial space of approximately 2,988 sq ft (277.6 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.
Description
** SALE BY AUCTION - 13 August 2026 - Timed Online Auction **
**DEVELOPMENT OPPORTUNITY WITH FULL PLANNING** A prominent three-storey building in the High Street of Galshiels. FULL PLANNING CONSENT for ground-floor restaurant and three self-contained flats above Consented town-centre development â?? restaurant and three flats â?? 48â??50 Channel Street, Galashiels. A rare, consented development opportunity in the heart of Galashiels. This prominent three-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 secured (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 2,988 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. Scottish Borders Council has determined the application under delegated powers (reference 25/01394/FUL) for the change of use from retail to restaurant and the formation of three residential flats from the retail storage on the first, second and third floors. The Part III delegated report records a recommendation to approve, subject to conditions, informatives and the conclusion of a legal agreement, by the Lead Planning Officer on 12 March 2026. The legal agreement (a Section 75 planning obligation) relates to affordable housing development contributions. The case officer's correspondence records contributions of £4,250 applied to each of two units and £2,820 applied to each of the three units. Property benifits from a Rateable value £19,100, effective 1 April 2023 (Scottish Assessors) and the property has not been elected for VAT.
Galashiels is the largest town in the Scottish Borders and the region's principal commercial and retail centre. The property sits at the heart of the town on Channel Street, surrounded by an established mix of national and independent retailers, cafés and services. The town is well connected by road to Edinburgh and the south, and the Borders Railway provides a direct rail link to Edinburgh from Galashiels and neighbouring Tweedbank, supporting both the local economy and demand for town-centre homes.
Auction Details
13 August 2026, 10am-3pm
Timed Online Auction
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48-50, Channel Street, Galashiels, Scottish Borders, TD11BA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Galashiels Station0.1 miles
- Tweedbank Station2.1 miles
Notes
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