Macpherson Property
Macpherson Property Abbotsknowe Huntly Road Melrose
Tel: 01896 208038
8 Bank Court, Galashiels
(Flat, 6 bedrooms)
Guide price £89,995
 
 

**FABULOUS INVESTMENT OPPORTUNITY - GROSS YIELD IN EXCESS OF 10%**

*Home Report Valuation - February 2016 - £115,000*

8 Bank Court is an excellent investment opportunity, complete with HMO License, situated in the heart of Galashiels, which now benefits from a station on the new Borders Railway that runs from Tweedbank to Edinburgh.

A double upper flat which occupies the first and second floor of a larger building it provides a strong gross yield, with six letting rooms and is ideal as a student let with Heriot Watt University and Borders College campuses located in the town.
On full occupancy, the property has the potential to provide a gross yield of around 13% based on the current Home Report valuation of £115,000. It should be noted that the flat currently has five rooms let out and is bringing in a monthly income of: £1,260 - at a gross yield of around 10%.

Alternatively, the internal layout could be altered, subject to the necessary permissions, to provide a spacious apartment in a very central location.
Double glazed, with gas fired central heating the property is in good condition, and is easily maintained. There is on-street parking nearby and local amenities are in the immediate vicinity.

Edinburgh 34 miles. Tweedbank 3.0 miles. Melrose 4.5 miles Peebles 19.0 miles(All distances are approximate)

DIRECTIONS

For those with satellite navigation the postcode is: TD1 1DR

From Melrose take the A7 into Galashiels and onto the Abbotsford Road. Continue over the first small roundabout and proceed forward to the next roundabout and take the second exit. Continue for around two hundred yards and turn first left onto Albert Place and continue forward onto Bank Street, and over the pedestrian lights. Turn right onto Bank Close and you will come to Number 8 Bank Court which sits on the left corner and is accessed by a small path leading to the stone staircase.

From the North follow the A7 through the centre of Galashiels, passing ASDA and Tesco and turn right onto Albert Place and follow the above directions.
*You can contact the agent 7 days a week to organise a viewing - subject to availability - 01896 820 226*
 
 
 
This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.