Initial price	£60,000
25/10/25	£52,000
Price Change	-13.33%

The upper level of 38 Channel Street in Galashiels, Scotland, is a vacant space with planning permission to convert into five flats, each with a potential sale value of up to £125,000 or rental value of £900 per month. This would generate a potential annual income of over £50,000, depending on the specification. The property is located in a highly sought-after area, with easy access to leisure and retail amenities, and well-connected roads leading to Edinburgh City Centre. The area is just a 4-minute walk from the train and bus stations, and a short walk to major retailers such as Tesco and Asda. The property will be sold under auction terms and conditions, and the seller may be open to pre-auction offers, so it's recommended to visit the website to submit an offer.