Description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- Bedrooms: 3
- Council Tax:
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EXCELLENT BUY-TO-LET PROPERTY*** Large THREE bedroom maisonette flat located in the popular borders town of Galashiels. IMMEDIATE RENTAL INCOME OF £11,400 PER ANNUM**
First Floor maisonette comprises; Hallway, Lounge, Kitchen / dining room, THREE bedrooms and bathroom. Well kept communal garden to the rear. On street parking available.
Local Sales Evidence; 121, Magdala Terrace, Galashiels, TD1 2HX (3 bed) SOLD for £125,000 in August 2022*** 134, Magdala Terrace, Galashiels, TD1 2HX (3 bed) SOLD for £120,000 in June 2022***
Currently LET at £950pcm (£11,400 Per Annum) PERFECT INVESTMENT PROPERTY***
Galashiels offers a wide and varied range of recreational amenities, bars, shops, restaurants and sporting activities. Well placed for travel to the surrounding Borders towns, Edinburgh and England.
EXCELLENT BUY-TO-LET PROPERTY*** Large THREE bedroom maisonette flat located in the popular borders town of Galashiels. IMMEDIATE RENTAL INCOME OF £11,400 PER ANNUM**
First Floor maisonette comprises; Hallway, Lounge, Kitchen / dining room, THREE bedrooms and bathroom. Well kept communal garden to the rear. On street parking available.
Local Sales Evidence; 121, Magdala Terrace, Galashiels, TD1 2HX (3 bed) SOLD for £125,000 in August 2022*** 134, Magdala Terrace, Galashiels, TD1 2HX (3 bed) SOLD for £120,000 in June 2022***
Currently LET at £950pcm (£11,400 Per Annum) PERFECT INVESTMENT PROPERTY***
Galashiels offers a wide and varied range of recreational amenities, bars, shops, restaurants and sporting activities. Well placed for travel to the surrounding Borders towns, Edinburgh and England.
Galashiels is a thriving Border town on the A7 perhaps some 35 miles from Edinburgh city centre. Galashiels itself an excellent shopping centre and people travel in from a wide radius to take advantage of its opportunities. A great deal more than daily requirements is catered for in this location and there is a good choice of banking, building society and post office services. Local schooling can be found at both primary and secondary levels. In recent years, the road network in the area has improved beyond all recognition. As a consequence Edinburgh city centre can be reached in approximately 45 minutes and thereafter every major trunk route is within the easiest possible reach. There is a regular and frequent bus service to Edinburgh’s city centre. New Train Line has also dramatically changed way of Living for the area making it easier to commute to Edinburgh which only takes 50 minutes.
Full Address: 56 King Street, Galashiels, TD1 1PX
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Tenancy Details
Type of Agreement: Basic Lease
Length: rolling
Rent: £11,400 per year / £950 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:
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Home Report (Available)
Legal Docs (Available)
* 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.
Pricing Information & Bidding
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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: 26 February 2026, 10am-3pm
Type: Timed Online Auction
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