Stirling Street Galashiels Selkirkshire TD1 1BY

Stirling Street
Galashiels
Selkirkshire
TD1 1BY

Heritable Retail Investment

Prominent town centre location, close to prime retail thoroughfare
Let to B&M Retail Ltd, with over 230 stores UK-wide
Principal commercial centre for the Scottish Borders area
Nearby occupiers include Halfords, Tescos, McDonald's and Next

Lot
21
Auction
18th October 2011
Rent
£75,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of the Co-operative Estates

Important Update Interested?

Expand
Photos
Map

Heritable Retail Investment

Prominent town centre location, close to prime retail thoroughfare
Let to B&M Retail Ltd, with over 230 stores UK-wide
Principal commercial centre for the Scottish Borders area
Nearby occupiers include Halfords, Tescos, McDonald's and Next

Lot 21
Auction 18th October 2011
Rent £75,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of the Co-operative Estates

Property Information

Location

Miles: Edinburgh (28 miles), Berwick upon Tweed (32 miles)
Roads: A68, A7
Air: Edinburgh, Newcastle International

Situation

Galashiels is a major commercial centre and central communication point for the Scottish Borders. The property is situated on a substantial corner plot, close to the prime retail thoroughfare. Nearby occupiers include Asda, Boots, Halfords, Marks & Spencer, Matalan, Next, McDonald's and Tesco.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Location

Miles: Edinburgh (28 miles), Berwick upon Tweed (32 miles)
Roads: A68, A7
Air: Edinburgh, Newcastle International

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property comprises a modern, stand-alone, ground floor retail store. There is also ancillary storage on the first floor and a substantial car park adjacent to the building, with a further car park on Stirling Street.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

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	Reviews
Ground First Floor	Retail Storage	1,634.44 sq m 269.01 sq m	(17,593 sq ft) (2,895 sq ft)	B&M RETAIL LTD (1)	10 years from 13/09/2010 until 2020 (2)	£75,000	12/09/2015
Totals		1,903.45 sq m	(20,488 sq ft)			£75,000

(1) For the year ending 31st December 2010 B&M Retail reported a turnover of £538,321,000, pre-tax profit of £35,183,000 and a net worth of £67,540,000. (Source: www.riskdisk.com 22/08/2011)
(2) The lease provides for an option to determine in the 5th year with 6 months' notice.