18 Sime Place, Galashiels, TD1 1ST

Located in the heart of Galashiels, this ground floor three-bedroom HMO flat offers a ready-made investment opportunity. Extending to approximately 93 sqm, the property has been modernised throughout and is presented in turnkey condition, with neutral décor and a recent Home Report highlighting only one category 2 item.

Each bedroom benefits from its own private en-suite shower room and study area, making it ideal for student or professional lets. One of the three rooms is currently let at £400 per month, offering scope to increase occupancy and income.

The accommodation comprises a private entrance hall, central hallway, open-plan living room/kitchen, and three en-suite bedrooms. There is access to a communal garden area to the gable end of the building.

Originally built around 1880 and fully reconfigured in 2008, this property is situated close to a range of local amenities, education facilities, and transport links, ensuring strong ongoing rental demand.

HMO License:

The property is currently let on a House in Multiple Occupation (HMO) basis, and it is understood that a valid HMO license is in place. It should be noted that HMO licenses are non-transferable and are granted to individual owners. Accordingly, any new owner would be required to submit a fresh application for an HMO 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 HMO portfolio, 18 Sime Place presents a compelling opportunity and can be purchased individually or as part of a portfolio package with 26 Sime Place and 20 Sime Place, Galashiels. This trio of properties offers excellent potential for strong rental yields and portfolio growth in a desirable location.