23 Stirling St | Galashiels TD1 1BY
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23 Stirling St
Galashiels TD1 1BY
Monorene Guest House · Hospitality Property For Sale
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2,247 SF
Investment Highlights
- Prime Property Auctions is excited to present this stunning detached guesthouse, boasting 7 bedrooms over 2,723 sq ft, set within the beautiful location of Galashiels.
- Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units.
- Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!
- Abbotsford Arms Hotel, 63, Stirling Street, Galashiels, Selkirkshire TD1 1BY sold for £500,000, 95-97, Channel Street, Galashiels, Selkirk TD1 1BN sold for £500,000***.
- Charging £100 per night/ per room at 70%, property could income of £14,904 PCM / £178,850 PA which could give the property an impressive gross yield of 51% based on the guide.
Property Facts
| Property Type | Hospitality | Building Size | 2,247 SF |
| Property Subtype | Bed and Breakfast | No. Stories | 2 |
| Building Class | C | Year Built | 1980 |
| Lot Size | 0.06 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,247 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Corridor | Interior |
Amenities
- Bed & Breakfast
- Public Access Wifi
- Fully-Equipped Kitchen
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