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
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).
