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Monorene Guest House 23 Stirling St 6 Room Bed and Breakfast Galashiels TD1 1BY $400,406 ($66,734/Room)
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.
EXECUTIVE SUMMARY
• 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
• 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
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
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
Galashiels, nestled in the heart of the Scottish Borders, is a vibrant town celebrated for its rich textile heritage, scenic beauty, and dynamic cultural scene. Once a powerhouse during the Industrial Revolution, the town’s legacy is preserved in landmarks like the Old Gala House, which chronicles its transformation from a modest village to a bustling industrial hub. Today, Galashiels seamlessly blends its historical roots with modern amenities. The town is home to the Heriot-Watt University School of Textiles and Design, renowned for its contributions to fashion and textile education.Cultural enthusiasts can explore the Great Tapestry of Scotland Centre, a testament to the nation’s rich history and artistry.Transportation is a breeze with the Galashiels Transport Interchange, a modern facility that integrates bus and rail services, enhancing connectivity within the region. The Borders Railway provides regular services, linking residents and visitors to Edinburgh and beyond.
Galashiels also boasts a lively town center, offering a mix of shopping, dining, and entertainment options, all set against the picturesque backdrop of the Scottish Borders’ rolling hills. Whether you’re drawn by its storied past, educational opportunities, or natural beauty, Galashiels offers a unique and enriching experience.
• 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
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
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
Galashiels, nestled in the heart of the Scottish Borders, is a vibrant town celebrated for its rich textile heritage, scenic beauty, and dynamic cultural scene. Once a powerhouse during the Industrial Revolution, the town’s legacy is preserved in landmarks like the Old Gala House, which chronicles its transformation from a modest village to a bustling industrial hub. Today, Galashiels seamlessly blends its historical roots with modern amenities. The town is home to the Heriot-Watt University School of Textiles and Design, renowned for its contributions to fashion and textile education.Cultural enthusiasts can explore the Great Tapestry of Scotland Centre, a testament to the nation’s rich history and artistry.Transportation is a breeze with the Galashiels Transport Interchange, a modern facility that integrates bus and rail services, enhancing connectivity within the region. The Borders Railway provides regular services, linking residents and visitors to Edinburgh and beyond.
Galashiels also boasts a lively town center, offering a mix of shopping, dining, and entertainment options, all set against the picturesque backdrop of the Scottish Borders’ rolling hills. Whether you’re drawn by its storied past, educational opportunities, or natural beauty, Galashiels offers a unique and enriching experience.
PROPERTY FACTS
| Price | $400,406 | Building Class | C |
| Price Per Room | $66,734 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 2,247 SF |
| Sale Condition | Furniture, Fixtures and Equipment Included | No. Rooms | 6 |
| Tenure | Freehold | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Bed and Breakfast | Corridor | Interior |
| Price | $400,406 |
| Price Per Room | $66,734 |
| Sale Type | Investment |
| Sale Condition | Furniture, Fixtures and Equipment Included |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,247 SF |
| No. Rooms | 6 |
| No. Stories | 2 |
| Year Built | 1980 |
| Corridor | Interior |
AMENITIES
- Bed & Breakfast
- Public Access Wifi
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 6 | $106.77 | - |
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Monorene Guest House | 23 Stirling St
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