41 Bank Street Galashiels Borders TD1 1EP

41 Bank Street
Galashiels
Borders
TD1 1EP

Heritable Retail Investment

  • Retail unit let until 2025 (no breaks)
  • Situated on popular retailing thoroughfare
  • Prominent town centre location in The Scottish Borders’ largest commercial centre
  • Lot
    80
  • Auction
    7th December 2017
  • Rent
    £13,610 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
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Retail unit let until 2025 (no breaks)
  • Situated on popular retailing thoroughfare
  • 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.

Property Documents

  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    888 KB
    View PDF
  • Site Plan
    Updated Date
    15.11.17
    File Size
    2 MB
    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
Peterkins Robertson and Paul Solicitors Kensington House, 227 Sauchiehall Street
Glasgow
G2 3EX
David Morris 0141 331 4510davidmorris@prp-legal.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now