For the year ending 30th January 2016, H Samuel Limited reported a turnover of £247,414,000, a pretax profit of £17,904,000 and a total net worth of £103,920,000
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 86
Auction 24th May 2018
Rent £15,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
For the year ending 30th January 2016, H Samuel Limited reported a turnover of £247,414,000, a pretax profit of £17,904,000 and a total net worth of £103,920,000
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 86
Auction 24th May 2018
Rent £15,000 per Annum Exclusive
Status Sold Post
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 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 62 Channel Street is being offered as lot number 85.
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 62 Channel Street is being offered as lot number 85.
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
Ground
Retail
105.07 sq m
(1,131 sq ft)
H SAMUEL LTD (1)
From 13/08/2014 until 31/01/2016 on a full repairing and insuring lease (2)
£15,000
Total
105.07 sq m
(1,131 sq ft)
£15,000
(1) For the year ending 30th January 2016, H Samuel Limited reported a turnover of £247,414,000, a pre-tax profit of £17,904,000 and a total net worth of £103,920,000 (Source: Experian group 17/4/2018). (2) The tenant is currently occupying on a monthly basis, either party can determine the lease on one month’s notice.