62 Channel Street Galashiels Selkirkshire TD1 1BA

  • 62 Channel Street<br>Galashiels<br>Selkirkshire<br>TD1 1BA

62 Channel Street
Galashiels
Selkirkshire
TD1 1BA

Heritable Retail Investment

  • Let to EE Limited
  • For the year ending 31st March 2017, EE Limited reported a turnover of £7,991,000,000, a pre tax profit of £651,000,000 and a total net worth of £56,000,000
  • Prominent town centre location in the Scottish Borders’ largest commercial centre
  • Nearby occupiers include Santander Bank, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland
  • Lot
    85
  • Auction
    24th May 2018
  • Rent
    £28,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £100,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Retail Investment

  • Let to EE Limited
  • For the year ending 31st March 2017, EE Limited reported a turnover of £7,991,000,000, a pre tax profit of £651,000,000 and a total net worth of £56,000,000
  • Prominent town centre location in the Scottish Borders’ largest commercial centre
  • Nearby occupiers include Santander Bank, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland
  • Lot 85
  • Auction 24th May 2018
  • Rent £28,000 per Annum Exclusive
  • Status Sold
  • Price £100,000
  • 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 south side of Channel Street, the principal retailing thoroughfare in the town centre, opposite the junction with Douglas Bridge. Nearby occupiers include Santander, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland.

Tenure

Heritable. (Scottish equivalent of 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 south side of Channel Street, the principal retailing thoroughfare in the town centre, opposite the junction with Douglas Bridge. Nearby occupiers include Santander, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland.

Tenure

Heritable. (Scottish equivalent of freehold)

Description

The property comprises retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

Note

The adjoining retail unit at 58 Channel Street is being offered as lot number 86.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

Note

The adjoining retail unit at 58 Channel Street is being offered as lot number 86.

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 Reversion
Ground Retail
165.09 sq m
(1,777 sq ft)
 EE LIMITED (1) 10 years from 29/06/2006 on a full
repairing and insuring lease		 £28,000 Tacit Relocation
(Scottish equivalent of holding over)
Total
165.09 sq m
(1,777 sq ft)
 £28,000

(1) For the year ending 31st March 2017, EE Limited reported a turnover of £7,991,000,000, a pre tax profit of £651,000,000 and a total net worth of £56,000,000 (Source: Experian Group 17/4/2018).

Contacts

Seller's Solicitors
Leslie Wolfson & Co. Solicitors 19 Waterloo Street
Glasgow
G2 6BQ
Alan Carlton 0141 270 7448jac@lesliewolfson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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