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38  George Street  Peebles

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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

Two Bedroom Main Door Lower Cottage Flat accessed at ground level. Shared Gardens. Picturesque Borders town of Peebles. Occupational residential lease at £600 pcm. Settled Tenant. Freehold Sale.

Situated within walking distance to local amenities within Peebles. Features - hallway, living room, two double bedrooms, kitchen and bathroom. Private gardens. Parking. Tenanted Investment Property.

Rented at £600 per month (long term tenant). The tenant is very settled and has been in occupation since February 2022. Benefits include gas central heating and double glazing throughout.

Regular bus service throughout the town of Peebles and nearby Galashiels. Daily Border Railway service from Galashiels to Edinburgh. Perfect for investor landlord. All certificates in place.

The Royal Burgh of Peebles is a market town and the third largest town in the Borders with a population of around 9,000 persons. The proeprty is located just a short stroll from the High Street.

Two Bedroom Main Door Lower Cottage Flat accessed at ground level. Shared Gardens. Picturesque Borders town of Peebles. Occupational residential lease at £600 pcm. Settled Tenant. Freehold Sale. Peebles offers a wealth of outdoor activities, including riverside and hill walks, fishing, golf, and world-class mountain biking at nearby Glentress Forest. Perfectly positioned just a short distance from Peebles High Street and within an easy commute of Edinburgh. Peebles is a thriving market town nestled along the River Tweed in the scenic Scottish Borders. Local Sales: 28 George Street, Peebles, EH45 8DL sold for £135,000 (February 2025). 27a George Street, Peebles, EH45 8DL sold for £118,000 (March 2024). 20 George Street, Peebles, EH45 8DL sold for £130,000 (December 2023). 31a George Street, Peebles, EH45 8DL sold for £112,577 (May 2023). TENANCY AGREEMENT Tenanted paying £600 pcm. The tenant is very settled and has been in occupation since February 2022. EPC Rating - Band D All certificates in place for rental - EICR, Gas safety and boiler service, Legionella, PAT test, signed PRT. The local area is particularly well served for recreational activities with excellent golf courses, fishing, walking and mountain biking all within easy reach. In the summer, Peebles really comes alive with residents treated to some spectacular events right on their doorstep, including the Beltane Week, Tweed Love Cycling Festival, Agricultural Show, Arts Festival, Jazz Festival and Highland Games For Council Tax purposes this property has been assessed as band category B. Amount payable for year 2025/2026 - £1,627.20. The local authority is Scottish Borders Council, Council Headquarters, Newtown St Boswells, Melrose, TD6 0SA.

Nestled in the Tweed Valley, within the Scottish Borders, the charming Royal Burgh of Peebles is a historic and picturesque town. The town has been recognised as the ‘Top Independent Retailing Town in Scotland' with a wealth of independent shops, but also benefits from a handful of high-street supermarkets, including a Tesco superstore, banks, and a post office. The town is home to numerous top-quality restaurants, bars, and cafes and is considered a cultural hub, with the distinguished Eastgate Theatre and Arts Centre hosting a wide range of arts events throughout the year. There are also a number of annual festivals held in the town, including the Beltane Festival, the Peebles Jazz Festival, and the renowned Arts Festival. Situated on the banks of the River Tweed, famous for salmon fishing, and set within an area of outstanding beauty, Peebles promises a perfect base from which to enjoy all the countryside has to offer – from scenic riverside and parkland walks to horse riding and cycling. There is also an 18-hole golf course within the town, as well as a leisure centre and a swimming pool. For those with children, Peebles' catchment area encompasses some highly-regarded schooling, from nursery to secondary level. Peebles is also a popular Borders retreat for commuters, located just over 20 miles from Edinburgh city centre and within easy commuting distance from the city bypass, airport, and motorway network.

Full Address: 38 George Street, Peebles, EH45 8DL

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £7,200 per year / £600 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Tenanted paying £600 pcm. The tenant is very settled and has been in occupation since February 2022. Deposit (£1,200) held with Safe Deposit Scotland scheme.

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Pricing Information & Bidding

Opening Bid: £75,000

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Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 15 January 2026, 10am-3pm
Type: Timed Online Auction

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