115 / 117 High Street Selkirk Border TD7 4JX

115 / 117 High Street
Selkirk
Border
TD7 4JX

Heritable Retail Investment

  • Let to Sainsbury's Supermarkets Limited until 2024
  • Occupied as a supermarket since at least 1972
  • Includes car park for 24 cars
  • Site coverage of approximately 26%
  • Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross
  • Lot
    66
  • Auction
    7th December 2017
  • Rent
    £51,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £540,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

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

Heritable Retail Investment

  • Let to Sainsbury's Supermarkets Limited until 2024
  • Occupied as a supermarket since at least 1972
  • Includes car park for 24 cars
  • Site coverage of approximately 26%
  • Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross
  • Lot 66
  • Auction 7th December 2017
  • Rent
  • Status Sold
  • Price £540,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
40 miles south-east of Edinburgh
50 miles north of Carlisle
Roads
A7, A68
Rail
Galashiels railway station
Air
Edinburgh Airport
Situation

Selkirk is a historic and attractive market town in the Scottish Borders. The property is situated on the north side of the High Street, the town's principal retail thoroughfare. Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross.

Tenure

Heritable.

Location
Miles
40 miles south-east of Edinburgh
50 miles north of Carlisle
Roads
A7, A68
Rail
Galashiels railway station
Air
Edinburgh Airport
Situation

Selkirk is a historic and attractive market town in the Scottish Borders. The property is situated on the north side of the High Street, the town's principal retail thoroughfare. Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross.

Tenure

Heritable.

Description

The property is a well established supermarket comprising ground floor retail accommodation and ancillary accommodation on the first floor. The property benefits from 24 car parking spaces and an approximate site area of 0.15 hectares (0.37 acres) and approximate site coverage of 26%.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property is a well established supermarket comprising ground floor retail accommodation and ancillary accommodation on the first floor. The property benefits from 24 car parking spaces and an approximate site area of 0.15 hectares (0.37 acres) and approximate site coverage of 26%.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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
Ground
First
Retail
Ancillary
365.40 sq m
369.60 sq m
(3,933 sq ft)
(3,978 sq ft)
SAINSBURY’S
SUPERMARKETS
LIMITED (1)
15 years from
11/05/2009 until
2024
£51,000 11/05/2019
Totals
735.00 sq m
(7,911 sq ft)
    £51,000  

(1) For the year ending 12th March 2016, Sainsbury’s Supermarkets Limited reported a turnover of £23,168,000,000, pre-tax profits of £406,000,000 and a total net worth of £4,458,000,000 (Source: Experian Group 31/10/2017).

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    932 KB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    716 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Clyde & Co LLP Albany House, Albany Street
Edinburgh
EH1 3QR
Nikki Dundas 0131 525 8674Nikki.dundas@clydeco.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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