20 Sime Place, Galashiels, TD1 1ST
Offers Over £160,000 | 5 Bed Flat - Maisonette with 1 Reception Room
Ref: E496415
Description
This impressive maisonette flat, 20 Sime Place, offers a rare opportunity to acquire a fully HMO-configured property in a prime town centre location. Extending to approximately 138 sqm, the accommodation is arranged over the first and attic floors of a traditional two-storey and attic stone-built block, which comprises just two residential units. Originally dating from around 1880, the building was extensively modernised in 2008, creating bright and functional living spaces ideally suited to the rental market. Designed with multiple occupancy in mind, the property features five generously sized bedrooms, each with its own modern en-suite shower room and dedicated study area, catering perfectly to student or professional tenants. The flat is currently vacant between academic tenancies, offering a clean slate for new landlords. Previous rental levels achieved £500 per room on the first floor and £550 per room in the attic, demonstrating strong income potential. The interior is neutrally finished, well-maintained, and immediately lettable, with no refurbishment required. The first floor hosts the main entrance hallway, a bright and sociable open-plan living/kitchen area, and three of the five en-suite bedrooms. Upstairs, the attic floor provides an additional kitchen, two further bedrooms, and a central landing, allowing for flexible shared living arrangements. Externally, the property benefits from access to a communal garden space at the gable end of the building and a rear external staircase providing direct access to the upper levels—an added practical feature for multi-occupant use. Situated in Galashiels, a popular Borders town with a strong rental demand, the location benefits from good local amenities, public transport links, and proximity to educational institutions—making it particularly attractive to both students and working tenants. License: The property is currently let on a House in Multiple Occupation (HMO) basis, and it is understood that a valid license is in place. It should be noted that licenses are non-transferable and are granted to individual owners. Accordingly, any new owner would be required to submit a fresh application for an license. Interested parties are advised to make their own enquiries with the local authority regarding licensing requirements. Investment Opportunity: For investors looking to expand their portfolio, 20 Sime Place presents a compelling opportunity and can be purchased individually or as part of a portfolio package with 18 Sime Place and 26 Sime Place, Galashiels. This trio of properties offers excellent potential for strong rental yields and portfolio growth in a desirable location.
Viewing times
Strictly by appointment with the Selling Agent. To arrange an appointment to view please contact Cullen Kilshaw Galashiels on 01896 942 745.
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Marketed by
Cullen Kilshaw - GALASHIELS
27 Market Street, Galashiels, TD1 3AF
Tel: 01896 942 745
Fax: 01896 758 112
Web: http://www.cullenkilshaw.com