TIMED ONLINE AUCTION - 27 November 2020, 10am-4pm - View the auction and bid >>
Lot 6

71 Channel Street, Tui Holiday Store, Galashiels, TD1 1BN

Opening Bid: £120,000

Tenanted Freehold Commercial Offer Now Available



Map & Directions Price & Bidding Offer Now Auction Details


Key Features:

PRIME TOWN CENTRE INVESTMENT PROPERTY in Galashiels currently let to TUI UK Retail Ltd on FULL FRI LEASE with annual rent of £19,000. Extremely stable tenant in place since 1999 on 25 year lease.


  • EXCELLENT SIZE FOR COMMERCIAL/ RETAIL UNIT set over ground and first floors- Ground Floor- 95.75sq m (1,031sq ft). First Floor- 111.95sq m (1,205sq ft) in EXTRMELY PROMINANT POSITION.
  • PRIME RETAIL POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Subway, Greggs, Tesco, Next and ASDA.
  • TUI is the largest holiday, tourism and travel company in the world with an operating income of over £830 million in 2019 and employs around 75,000 people worldwide. A* GRADE TENANT with over 12% annual return
  • Part of the popular Douglas Bridge retail development within the town centre. The premises also benefit from nearby proximity to the town’s bus station, parking and the new Borders Rail Station.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the buyer..
Rateable Value

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 25 year
Rent £19,000 per year / £1,583 per month
Yield 11.9% (at guide price)
Tenant Company
Notes: 25 Year FRI until October 2024. Break option October 2022

Description:

PRIME TOWN CENTRE INVESTMENT PROPERTY in Galashiels currently let to TUI UK Retail Ltd on FULL FRI LEASE with annual rent of £19,000. Extremely stable tenant in place since 1999 on 25 year lease. EXCELLENT SIZE FOR COMMERCIAL/ RETAIL UNIT set over ground and first floors- Ground Floor- 95.75sq m (1,031sq ft). First Floor- 111.95sq m (1,205sq ft) in EXTRMELY PROMINANT POSITION. PRIME RETAIL POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Subway, Greggs, Tesco, Next and ASDA. TUI is the largest holiday, tourism and travel company in the world with an operating income of over £830 million in 2019 and employs around 75,000 people worldwide. A* GRADE TENANT Part of the popular Douglas Bridge retail development within the town centre. The premises also benefit from nearby proximity to the town’s bus station, parking and the new Borders Rail Station.


Location:

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.


Map & Directions:



Further Info:


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Pricing Info & Bidding:


Opening Bid = £120,000


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Auction Details:



  • Auction Date

    27 November 2020, 10am-4pm


  • Auction Location

  • Timed Online Auction


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