Prominent town centre location in The Scottish Borders’ largest commercial centre
Lot 80
Auction 7th December 2017
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
Rail
Galashiels Railway Station
Air
Edinburgh Airport
Situation
The property is situated on the north side of Bank Street, a popular independent retailing street in the heart of the town centre. Galashiels is a major commercial centre in the Scottish Borders. The town houses the main campus for the Borders College and is well connected to Edinburgh, with the Borders Railway providing access to Edinburgh Waverley station with an average journey time of approximately 51 minutes.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
31 miles south of Edinburgh, 38 miles west of Berwick-upon-Tweed
Roads
A68, A7
Rail
Galashiels Railway Station
Air
Edinburgh Airport
Situation
The property is situated on the north side of Bank Street, a popular independent retailing street in the heart of the town centre. Galashiels is a major commercial centre in the Scottish Borders. The town houses the main campus for the Borders College and is well connected to Edinburgh, with the Borders Railway providing access to Edinburgh Waverley station with an average journey time of approximately 51 minutes.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises a ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
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
Review/ (Reversion)
Ground
Retail/ Ancillary
212.58 sq m
(2,288 sq ft)
WILKIES LIMITED (1)
10 years from 01/07/2015 on a full repairing and insuring lease (2)
£13,610
01/07/2020 (30/06/2025)
Totals
212.58 sq m
(2,288 sq ft)
£13,610
(1) Wilkies is a fashion retailer trading from 14 stores throughout Scotland (www.wilkies.co.uk). (2) The lease is subject to a schedule of condition.