Modern Development Situated On Main Thoroughfare Ground Floor Let To Holland & Barrett F.R.I Lease Expiry March 2026 (Opportunity To Extend) Rent: £27,400p.a.x
Tenant: Holland & Barrett Retail Ltd Expiry: 25th March 2026 Passing Rent: £27,400p.a.x. Area: Ground: 126.98sqm (1,367sq ft) Further Information: Holland & Barrett Retail Ltd, a leading health store.
Holland & Barrett Retail Ltd, a leading health and wellness retailer, reported a strong financial performance for the fiscal year ending September 30, 2023. The company's revenue increased by 11%.
The property is situated on the busy Douglas Bridge retail parade within the town of Galashiels.
Tenant: Holland & Barrett Retail Ltd Expiry: 25th March 2026 Passing Rent: £27,400p.a.x. Area: Ground: 126.98sqm (1,367sq ft) Further Information: Holland & Barrett Retail Ltd, a leading health and wellness retailer, reported a strong financial performance for the fiscal year ending September 30, 2023. The company's revenue increased by 11% to £806.1 million, up from £725.3 million in the previous fiscal year. Despite this growth, the company's EBITDA fell from £105.6 million to £81.9 million due to changes in accounting policies and significant investments aimed at driving future growth . These investments, totalling around £70 million, were directed towards upgrading stores, enhancing technology, and developing new products, including the renovation and opening of over 200 stores across the UK (800 in total). This transformation strategy has also included an international expansion, with significant sales growth reported in regions such as China, Saudi Arabia, and India
The property is situated on the busy Douglas Bridge retail parade within the town of Galashiels. Galashiels is a busy Scottish market town located in the Borders some 30 miles south of Edinburgh and 30 miles west of Berwick Upon Tweed. The town has a resident population of some 14,000 persons. Communication links are provided via a direct train line to Edinburgh and also the A7 trunk road which links to Edinburgh, Hawick and Carlisle. Nearby traders include Nationwide Building Society, Vodafone, VPZ, Subway, Lloyds Pharmacy and the newly opened Galashiels Museum.
Full Address: Holland and Barrett, Douglas Bridge, Galashiels, TD1 1BH
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