41 / 43 Channel Street Galashiels TD1 1BJ

41 / 43 Channel Street
Galashiels
TD1 1BJ

Modern Retail Investment

  • Well located in the main retailing pitch in Galashiels
  • Modern unit with extensive frontage
  • Neighbouring occupiers include WH Smith, Post Office, Santander and M&Co
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    73
  • Auction
    19th May 2016
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Modern Retail Investment

  • Well located in the main retailing pitch in Galashiels
  • Modern unit with extensive frontage
  • Neighbouring occupiers include WH Smith, Post Office, Santander and M&Co
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 73
  • Auction 19th May 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
31 miles south of Edinburgh, 38 miles west of Berwick-upon-Tweed
Roads
A68, A7
Air
Edinburgh Airport
Situation

The property occupies a prominent position on the north east side of Channel Street close to Douglas Bridge. Channel Street benefits from on street parking. Galashiels is a major commercial centre in the Scottish Borders. The town homes the main campus for the Borders College with an annual student intake per year of 5,500 people. The town is well connected to Edinburgh, with the Borders Railway being opened by the Queen on 6th September 2015. The journey time from Galashiels (Tweedbank) to Edinburgh Waverley is on average 51 minutes.

Tenure

Heritable.

Location
Miles
31 miles south of Edinburgh, 38 miles west of Berwick-upon-Tweed
Roads
A68, A7
Air
Edinburgh Airport
Situation

The property occupies a prominent position on the north east side of Channel Street close to Douglas Bridge. Channel Street benefits from on street parking. Galashiels is a major commercial centre in the Scottish Borders. The town homes the main campus for the Borders College with an annual student intake per year of 5,500 people. The town is well connected to Edinburgh, with the Borders Railway being opened by the Queen on 6th September 2015. The journey time from Galashiels (Tweedbank) to Edinburgh Waverley is on average 51 minutes.

Tenure

Heritable.

Description

The property comprises a well configured, modern retail unit arranged over ground and first floor level. The unit has a double frontage onto Channel Street, with the ground floor retail accommodation and first floor ancillary accommodation.

Six week completion

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a well configured, modern retail unit arranged over ground and first floor level. The unit has a double frontage onto Channel Street, with the ground floor retail accommodation and first floor ancillary accommodation.

Six week completion

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
First
Retail
Ancillary
220.27 sq m
210.05 sq m
(2,371 sq ft)
(2,261 sq ft)
BONMARCHE
LIMITED (1)
15 years from 10/03/2003 on a full
repairing and insuring lease
£45,000 09/03/2018
Totals  
430.32 sq m
(4,632 sq ft)
    £45,000

(1) For the year ending 28th March 2015, Bonmarche Limited reported a turnover of £178,575,000, pre-tax profits of £12,626,000 and a total net worth of £22,528,000 (Source: Experian Group 21/04/2016)

Property Documents

  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    549 KB
    View PDF
  • Site Plan
    Updated Date
    31.10.19
    File Size
    434 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
DLA Piper LLP Rutland Square
Edinburgh
EH1 2AA
Scott Ferrier 0131 242 5078scott.ferrier@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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