26 Sime Place, Galashiels, TD1 1ST

This well-presented, purpose-built maisonette flat extends to approximately 115 sqm and occupies the first and attic floors of a traditional two-storey and attic block containing just two residential units. Originally constructed around 1880, the building was modernised and reconfigured in 2008 to create the current high-quality accommodation, ideally suited for HMO use.

26 Sime Place is currently leased to NHS professionals at £500 per room, offering immediate rental income and a strong yield for investors. Each of the four generously sized bedrooms benefits from its own private en-suite shower room and a dedicated workstation, providing comfortable, self-contained accommodation for working tenants. The interiors are neutrally decorated throughout and presented in turnkey condition, requiring no immediate upgrades.

Accessed via a shared ground floor entrance and staircase, the property opens onto a welcoming hallway on the first floor, where you will find an open-plan living room and kitchen area, along with two of the en-suite bedrooms. The upper floor comprises a further two en-suite bedrooms, as well as a second well-appointed kitchen and dining area. This flexible layout enhances the property’s appeal to multiple occupants while maintaining a sense of privacy and practicality.

Externally, there is a communal garden area located to the gable elevation of the block, offering shared outdoor space for residents.

This is a rare opportunity to acquire a fully operational and licensed HMO property with a stable tenant base, in a sought-after location, and with no immediate works required.

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, 26 Sime Place presents a compelling opportunity and can be purchased individually or as part of a portfolio package with 18 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.