Town Centre Development Opportunity – Site For Hotel and Mixed Use Development
- *** CLOSING DATE *** - 12 noon on Thursday 27th October 2022
- SITE FOR HOTEL AND MIXED USE DEVELOPMENT INCLUDING:
- PRIVATE / AFFORDABLE HOUSING
- OTHER COMPLEMENTARY USES AS APPROPRIATE TO THE PLANNING BRIEF
Galashiels is situated off the A7 amidst the picturesque Borders countryside and lies approximately 18 miles from Peebles, 40 miles south of Edinburgh, 58 miles north of Carlisle.
The town is located in the centre of the Scottish Borders with a population of approximately 110,000 persons and is the principal commercial and administrative hub for the area. There are good local amenities to include shopping, schooling and leisure facilities. Galashiels has campuses in the town for the Borders College and Heriot Watt University, which has recently redeveloped its halls of residence. The new Great Tapestry of Scotland Centre museum has recently opened in the town centre and adds to the existing tourist attractions in the immediate area.
The site is situated within 650m walking distance from the modern transport interchange which is used by over 3000 passengers daily together with the recent completion and opening of the Borders railway line in August 2015 providing a direct rail link to Edinburgh Waverley with a one hour journey time.
The site is situated in a mixed residential and commercial area. Surrounding commercial occupiers include Tesco, Asda, ATS, Marks & Spencer, Boots, Clarks, Pets at Home, New Look and Next.
The Burgh Yard which was historically a former petrol filling station with workshops and yard is strategically located in Galashiels town centre adjacent to the Gala Water retail park and a short distance east from Galashiels town centre.
There are basement storage facilities contained within the tenements on the corner of Hill Street and the A7 which are included in the sale.
The site extends to approximately 1.06 hectares (2.62 acres) or thereby and slopes downwards from Braw Lads Brae (A7) from south to north with dual access points taken from Hill Street to the east.
The subjects are available for sale as a whole and offers in excess of £750,000 plus VAT are sought. Alternatively consideration will be given to selling the site in 3 lots as detailed below and offers are invited for the individual plots.
Lot 1 – 0.88. 2.18
Lot 2 – 0.12. 0.29
Lot 3 – 0.06. 0.15
TOTAL 1.06 2.62