A fantastic business opportunity has come up in the highly sought-after town centre of Galashiels.This thriving and profitable 7 bedroom Guest House, with 6 lettable rooms, located in the beautiful Scottish Borders town a stones throw away from the Galashiels Railway station and bus interchange. This charming and well-maintained property has been operating as a successful B&B for many years and is ideally situated for guests to explore the surrounding countryside, attractions, and historic sites. Situated in the heart of the Scottish Borders, the flourishing town of Galashiels undoubtedly offers the most extensive range of amenities in the area, with an excellent variety of shops, supermarkets, pre-school, primary and secondary schooling, and superb sporting, leisure and recreational facilities. The Heriot-Watt Scottish Borders Campus has a thriving student community, and there is a good selection of restaurants and bars in the town and surrounding area. Galashiels is easily commutable to Edinburgh via the A7 or A68 trunk roads, and airports are located at Edinburgh and Newcastle. The east coast main line runs from Berwick Upon Tweed, and The Borders Railway which opened in September 2015 provides a direct service to Edinburgh in approximately 1 hour from Galashiels and nearby Tweedbank.

On a broader note, the Scottish Borders region offers a quality of life that is second to none and in an area of 1800 square miles there is certainly plenty of space to enjoy our beautiful unspoilt countryside and individual towns. Leave the congestion and overpricing behind and discover for yourself what a fantastic place the Borders is to live, work and play.

Home to world class activities and attractions, the area is popular with visitors who come to enjoy mountain biking at Glentress, salmon fishing on the Tweed, walking in our hills and forests or diving off the Berwickshire coast. The area is also known for its spectacular Common Ridings, when whole communities come together to celebrate each town’s individual heritage and to cheer on hundreds of horses and riders every summer. The Borders is also a heartland of rugby in Scotland, with the names of our local towns being synonymous with the game and of course Melrose being the original home of rugby sevens. From our historic towns to rural villages, wherever you go you will be struck by the warmth of the welcome in our communities and the real pride people have in living in this wonderful part of the world. With good transport links, an excellent education system and stunning countryside, we encourage purchasers from out with the area that a move to the Scottish Borders really could be the best move of their lives.

DESCRIPTION

A fantastic business opportunity has come up in the highly sought-after town centre of Galashiels. This thriving and profitable 6 bedroom Guest House located in the beautiful Scottish Borders town a stones throw away from. This charming and well-maintained property has been operating as a successful B&B for many years and is ideally situated for guests to explore the surrounding countryside, attractions, and historic sites. Monorene is believed to be constructed in the 1800’s. The property is of traditional stone construction under a roof clad in slate. The property has been extended to the north corner providing extra living accommodation. The extension is of cavity construction with rendered elevations and flat roof with felt coverings. The town centre elevations conceal a well-maintained patio and parking area to the rear with the parking being accessed from the A7 Ladhope Vale which runs parallel to Stirling Street. There is a newly laid patio area to the front behind a traditional wrought iron fence and sandstone wall. The ground floor offers potential to reconfigure the accommodation opening up a wider range of possibilities which may include additional living/ guest house accommodation or returning the property to a solely residential dwelling.

With six individually decorated and spacious guest rooms, 4 of which have their own en-suite bathroom and 2 have and share a  separate shower room. This guest house offers a comfortable and memorable stay for guests. The rooms are tastefully furnished with high-quality bedding, comfortable seating, and modern amenities such as flat-screen TVs, Wifi and tea/ coffee-making facilities. The owners living accommodation has a separate private entrance and includes a bright and airy living room, a fully-equipped kitchen which can be used for bed and breakfast having a serving hatch into guests spacious dining room, a large double bedroom with en-suite and sizable utility room set up as the laundry room for the guest house. The property also benefits from ample storage space, including an attic.

In addition to its excellent location in the heart of Galashiels, this Guest House is ideally situated for guests to explore the Scottish Borders. The town is just a short distance from the stunning Border Abbeys, the historic town of Melrose, and the magnificent Sir Walter Scott's Abbotsford House. The area is also renowned for its walking and cycling routes, fishing opportunities, and golf courses.

The business has an excellent reputation and benefits from a high level of repeat business and positive reviews. The owners have built up a loyal customer base over the years, and the business has been consistently profitable, with strong revenue and profit margins. This is an excellent opportunity to acquire a turn-key business in a thriving tourist location, with excellent potential for growth and expansion. With its fantastic reputation, excellent location, and well-maintained property, this bed and breakfast is ready for a new owner to take over and continue its success.

Don't miss out on this fantastic opportunity - contact us today to arrange a viewing and take the first step towards owning this charming bed and breakfast in the heart of the Scottish Borders.

ACCOMMODATION
Ground Floor: Entrance vestibule, entrance hallway, dining/breakfast room, guest living room, kitchen, utility room, rear hallway/ office area, bedroom with en-suite.

First floor: Split level landing with 3 bedrooms to the front and 2 en-suites. To the east wing there are 3 bedrooms with 1 en-suite. To the west wing there is an en-suite bedroom and a shared shower room.

Gardens:Well maintained gardens front and rear both low maintenance secure patio areas. Off street parking for several cars to the rear.

SATELLITE NAVIGATION
For those with Satellite Navigation the Post Code for Monorene is TD1 1BY

FIXTURES AND FITTINGS
Only items specifically mentioned in the particulars of sale will be included in the sale price.

SERVICES
Mains water , gas, electricity and drainage.

LOCAL AUTHORITY
Scottish Borders Council Headquarters, Newtown St Boswells, Melrose, TD6 0SA. Tel 01835 824000.

COUNCIL TAX
Monorene owners accommodation is assessed to Council Tax Band A and the Guesthouse accommodation is apportioned to £4,100 effective from 1st April 2017.

Rights, Easements & Outgoings
The property is sold subject to and with the benefit of all rights of way, whether public or private, and any existing or proposed wayleaves, easements, servitude rights, restrictions and burdens of whatever kind, whether referred to in these particulars or not. The property is sold subject to the rights of public access under The Land Reform (Scotland) Act 2003. The Purchasers will be held to have satisfied themselves on all such matters.

STATUTORY DESIGNATIONS
There are no known special landscape designations, scheduled monuments, listings or other prejudicial notifications affecting the property. There are not understood to be any Environmental Schemes in place.

METHOD OF SALE
The property is offered for sale with Vacant Possession by Private Treaty. Entry as agreed between the parties.

OFFERS
Offers in Scottish Legal Form should be submitted to the Selling Agents. A closing date for offers may be fixed and interested parties are advised to register their interest with the Selling Agents. The Vendors shall not be bound to accept the highest or indeed any offer.

VIEWING
Strictly by appointment with Edwin Thompson the sole selling agent
Contact Amy Welsh in the Galashiels office for further details.
[email protected]