For Sale

Town Centre Development Opportunity - for Hotel and Mixed Use Development
Former Burgh Yard, Braw Lads Brae/Albert Place, Galashiels, TD1 3DL

Town Centre Development Opportunity - for Hotel and Mixed Use Development Town Centre Development Opportunity - for Hotel and Mixed Use Development

Description

Price Guide Price
£1,000,000

Location

Borders

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.

PROPOSED USES

Our clients require part of the site to be used for a 50-60 bed hotel. Independent advice has been sought which concludes that the Burgh Yard is the most suitable site for a hotel, which is one of the key areas of focus from the Galashiels Masterplan Regeneration Framework (2018).

Uses for the remainder of the site include private/affordable housing and other complementary uses as appropriate that would fit with the planning brief.

Our clients preference is to sell the site as a whole, however, consideration will be given to selling part of the site as a hotel if it can be shown how the remainder of the site can be developed. Please refer to the 2011 planning brief which summarises our clients use aspirations for the site.

Contact Details

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