50, Channel Street, Galashiels, Scottish Borders, TD11BA

** SALE BY AUCTION - 24 September 2026 - Timed Online Auction **

**DEVELOPMENT OPPORTUNITY WITH FULL PLANNING** close to approval & has been recommended under delegated powers on 12 March 2026, subject to conditions, informatives, and the conclusion of a legal agreement for development contributions. A prominent four-storey building at Channel Street, Galshiels. Application 25/01394/FUL (Scottish Borders Council) for change of use from retail to restaurant and the formation of three flats at first, second and third floor levels was recommended for approval under delegated powers on 12 March 2026, subject to conditions and the conclusion of a Section 75 agreement for development contributions. SUPERB Town-centre development â?? restaurant and three flats â?? 48â??50 Channel Street, Galashiels. The consented flats are three one-bedroom units. Flat 1 (first floor) 37 sq m, Flat 2 (second floor) 43 sq m, Flat 3 (third floor) 43 sq m. A rare development opportunity in the heart of Galashiels. This prominent four-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 recommended by the Lead Planning Officer (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 2,799 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 Case Officer has stated that, "A legal agreement will be necessary for development contributions towards affordable housing and the Waverley Line (£4,250 applied to each of two of the units; and £2,820 applied to each of the three units)". Total approx £12,710 with the exact final sum is to be confirmed on conclusion of the Section 75, 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
24 September 2026, 10am-3pm
Timed Online Auction

How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.

Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 700 lots available with weekly auctions including flats, houses, land & commercial.

Get a Fast Sale and a Fair Price with Future Property Auctions. Contact Us now for a FREE Auction Valuation.