DEADLINE CLOSES in...

Map & Location

Map   Street View   Satellite

Special Terms of Sale

  • Deposit (?) 5% of Sale Price
  • Buyers Fee (?) 1% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

**100% PRIME INVESTMENT PROPERTY** Settled, Nationally established tenant - Argos Ltd on Full FRI lease paying £55,000 per annum. Extremely prominent corner plot on busy shopping parade.

PERFECT READING POSITION with extremely large unit in prominent corner plot with accommodation on ground and first floors. Ground Floor- 262.90sqm (2,830 sq ft). First Floor-618.35 sq m (6,656 sq ft)

MASSIVE RETURN ON INVESTMENT with settled long term tenant paying £55,000 per year in rent in popular and affluent High Street shopping parade.

Nearby national retailers include Home Bargains, O2, Tesco, Asda, Nationwide Building Society, McDonalds, Poundland and Subway. PRIME SPOT close to parking and transport.

PERFECT INVESTMENT PROPERTY in popular HIGH STREET PARADE with first class, International tenant. Located 35 miles from Edinburgh; Galashiels has an extremely affluent and thriving retail disctrict

**100% PRIME INVESTMENT PROPERTY** Settled, Nationally established tenant - Argos Ltd on Full FRI lease paying £55,000 per annum. Extremely prominent corner plot on busy shopping parade. There is currently no Sainsburys in in Galashiels. PERFECT READING POSITION with extremely large unit in prominent corner plot with accommodation on ground and first floors. Ground Floor- 262.90sqm (2,830 sq ft). First Floor-618.35 sq m (6,656 sq ft). MASSIVE RETURN ON INVESTMENT with settled long term tenant paying £55,000 per year in rent in popular and affluent High Street shopping parade. Nearby national retailers include Home Bargains, O2, Tesco, Asda, Nationwide Building Society, McDonalds, Poundland and Subway. PRIME SPOT close to parking and transport. PERFECT INVESTMENT PROPERTY in popular HIGH STREET PARADE with first class, International tenant. Located 35 miles from Edinburgh; Galashiels has an extremely affluent and thriving retail disctrict. Tenant Keen to stay as Profitable store

100% PRIME LOCATION Galashiels is a popular market town in the borders with a population of approximately 14,000 people and a regional population of 106,000 people. The town is located approximately 32 miles south of Edinburgh and is considered the primary town within the Scottish Borders.

Full Address: Unit 6 Douglas Bridge, Argos Investment, Galashiels Scottish Borders, TD1 1BH

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 22nd May 2029
Rent: £55,000 per year / £4,583 per month
Yield: 14% (approx)
Tenant: Company
Notes: Tenant: Argos Ltd Expiry: 22nd May 2029 (Lease Extended for further 5years) No Breaks Passing Rent: £55,000p.a.x

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Guide Price: £450,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

SPECIAL Terms of Sale

  • 5% Deposit
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 24 October 2024, 3pm
Type: Deadline for Offers

View Full Auction Catalogue