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

This vacant property on the upper level of 38 Channel Street in Galashiels has planning permission to be converted into 5 flats, each with a potential sale value of up to £125,000 or rental value of £900 per month. This would generate a potential total income of over £50,000 per year, 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 the A7 and Edinburgh City Centre. It's just a 4-minute walk to 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.