Modern Retail Investment
Modern Retail Investment
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.
Heritable.
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.
Heritable.
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 is applicable to this lot.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
The EPC will be available to view online in the solicitor’s legal pack.
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 is applicable to this lot.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
The EPC will be available to view online in the solicitor’s legal pack.
| 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)
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