The trust’s new premises at the former Bank of Scotland building was opened on Saturday (June 27).
Michael Ireland, chairman of Peebles Community Trust, said: “The Re-Use Hub has been one of the best things we’ve done as an organisation – it generates income, keeps goods out of landfill and employs people locally.
“I’ve seen first-hand what happens without somewhere like this.
“I remember clearing out a family friend’s house after he passed away, watching perfectly usable items go into a skip – it was heart-breaking and completely avoidable.”
The move follows a buy-out of the old bank building, which the trust completed in April of this year.
Members immediately got to work to convert the interior for their needs, leading to the re-opening last weekend.
Mr Ireland continued: “When the Bank of Scotland building came up, we knew it was the right home for us.
“Having a community presence on the High Street matters and opening the new hub shows that buildings at the heart of our communities don’t have to sit empty.
“Without the support of Social Investment Scotland at an early stage in the purchasing process, we simply wouldn’t have been in a position to be taken seriously as a buyer.
“We’re delighted to now be on the high street and have already started welcoming people in since opening our doors on Saturday.”
All goods donated will be given a second life and the income will support for local community projects.
The ground floor of the building will house the Re-Use Hub with rooms to the rear and basement with potential for community use and a new office for the trust.
There will also be administrative and financial support for community groups including Floral Peebles and Cycling Without Age.
The purchase was made possible through the use of the trust’s own resources and a £150,000 from Social Investment Scotland.
Louisa Shanks, investment manager at Social Investment Scotland, said: “It’s clear how much Peebles Community Trust contributes to life in the town.
“The Re-Use Hub has a loyal following, and transforming a former bank branch into a community asset is exactly the kind of imaginative project we want to support.
“When opportunities like this arise, access to timely and flexible finance can be crucial.
“The trust recognised the potential of the building straight away and moved quickly when it became available, so it’s great to see that ambition translated into a new community space on the High Street.”