Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
INCOME PRODUCING INVESTMENT*** Tenanted ground floor retail unit held on a F.R.I Lease producing £15,500 per annum. PRIME TOWN CENTRE. Low Market Rent: ERV £20,000p.a.+
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Wynd Group Ltd
Expiry: 12th September 2027
Passing Rent: £15,500p.a.
Low Market Rent: ERV £20,000p.a.+
Operating as “Abbey Fine Wines” the property operates as a wine bar and off sales.
The property has been renovated by the tenant with floors overlaid with hardwood, plastered and painted throughout.
Calculated to extend to the following internal area
103sqm (1,109sq ft)
Ground floor retail unit with return frontage and multiple display windows within a larger multi storey development.
PRIME LOCATION Neighbouring occupiers include Boots Pharmacy, Artisan Jewellers, Station Hotel & Restaurant and The Townhouse Hotel
INCOME PRODUCING INVESTMENT*** Tenanted ground floor retail unit held on a F.R.I Lease producing £15,000 per annum. PRIME TOWN CENTRE. Low Market Rent: ERV £20,000p.a.+
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Wynd Group Ltd
Expiry: 12th September 2027
Passing Rent: £15,500p.a.
Low Market Rent: ERV £20,000p.a.+
Operating as “Abbey Fine Wines” the property operates as a wine bar and off sales.
The property has been renovated by the tenant with floors overlaid with hardwood, plastered and painted throughout.
Calculated to extend to the following internal area
103sqm (1,109sq ft)
Ground floor retail unit with return frontage and multiple display windows within a larger multi storey development.
PRIME LOCATION Neighbouring occupiers include Boots Pharmacy, Artisan Jewellers, Station Hotel & Restaurant and The Townhouse Hotel
The property is located on the west side of Market Street, close to its junction with Market Square within the town of Melrose.
Melrose is situated in the Scottish Borders approximately 5 miles from Galashiels. The area comprises a mixture of independent specialist boutique traders, national retailers and residential dwellings. Neighbouring occupiers include Boots Pharmacy, Artisan Jewellers, Station Hotel & Restaurant and The Townhouse Hotel
Full Address: 17 Market Street, Melrose, TD6 9PL
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2 Years
Rent: £15,500 per year / £1,292 per month
Yield: 6% (approx)
Tenant: Company
Notes: Tenant: Wynd Group Ltd
Expiry: 12th September 2027
Passing Rent: £15,500p.a.
Low Market Rent: ERV £20,000p.a.+
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Auction Details
Date & Time: 17 July 2025, 10am-3pm
Type: Timed Online Auction
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