A proposal for a new hotel, restaurant and housing on the site of the former Burgh Yard in Galashiels is to be taken forward after the missives for the sale of the site were concluded.
The one-hectare site is to be purchased by Stirling-based Ramoyle Developments from Scottish Borders Council, with the submission of a planning application expected later in the year.
The Burgh Yard housed a petrol station and garages prior to the creation of a new road, the Braw Lads Brew, in 2010, as part of the Galashiels Inner Relief Road Scheme.
Scottish Borders Council leader, David Parker, said, “I am delighted that the sale of the Burgh Yard has now been concluded and that the promise of a new hotel, restaurants and additional affordable housing is a step closer for Galashiels.
“Since the opening of the Borders Railway, there has been increased activity and investment in the Scottish Borders and recent positive tourism figures underline the potential that the railway can bring to our region.
“Over the next five years I expect further positive announcements and increased investment Borders-wide. In recent weeks, there have been positive job announcements in the private sector, with new distilleries on the horizon in Jedburgh and Hawick.
“Subject to planning permission, I look forward to this development enhancing facilities in Galashiels for visitors and the local community.”
Jim Turnbull, managing director of Ramoyle Developments, commented, “We are pleased to have secured this significant opportunity at a very exciting time for Galashiels and indeed the Borders region.
“It adds to our currently expanding development programme and we look forward to the early completion of the mixed use project which we are sure will add materially to what is on offer in the town.”
Bill White, vice-chairman of Energise Galashiels, added, “The re-development of the former Burgh Yard in Galashiels is another exciting milestone for the town.
“During recent months we have seen a number of projects coming to fruition, such as the Great Tapestry of Scotland, the development of a town centre Business Improvement District (BID) for Galashiels and announcements on a number of new employment and retail opportunities in the pipeline.
“Galashiels is a town full of potential. We are delighted that the message is getting out and that the future looks very bright.”
