Vacant Commercial Property LOT 99

38-40 High Street, Galashiels, TD1 1SE
GUIDE PRICE

Deadline for Offers

05 February 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 38-40 High Street, Galashiels, TD1 1SE

Double Fronted 1,700 Sq,Ft Ground floor premises of a 2 story stone building with prominent frontage. Suitable for a range of uses. Comprising shop floor areas split in two with numerous storage rooms

Sale includes shared parking for 2 cars to side of the property and area of garden ground at rear with out buildings. Sales area 779 Sq.Ft, storage 695 Sq.Ft = Gross internal floor area 1,684 Sq.Ft.

*** ATTRACTIVELY PRICED FOR AUCTION SALE *** Ideal for Buy To let Investors looking for an easily rentable unit. Rateable Value (RV) 26,000. Market rent circa 7,500-8,000 per annum

Vacant property offers ideal potential to purchase and let. Galashiels lies approximately 30 miles south-east of Edinburgh. Class 2 retail consents. Busy spot as it is near the square - Freehold Sale

The property is situated near to Channel Street, the principal retailing thoroughfare in the town centre. Nearby occupiers include Santander, Holland and Barratt, WH Smith, Lloyds Pharmacy, Subway....

*** Strong trading position with excellent footfall in a prime central position within the main retail area of Galashiels *** Double Fronted (TWO SHOP FRONTS) 1,700 Sq,Ft Ground floor premises of a 2 story stone building with prominent frontage. Suitable for a range of uses. Large storage area to the rear which could be utilised for sales. Comprising shop floor areas split in two with numerous storage rooms. Sale also includes Shared parking spaces for 2 cars to side of the property and area of garden ground at rear with out buildings. Sales area 779 Sq.Ft, storage 695 Sq.Ft = Gross internal floor area 1,684 Sq.Ft *** ATTRACTIVELY PRICED FOR AUCTION SALE *** Ideal for Buy To let Investors looking for an easily rentable unit. Rateable Value (RV) 26,000. Market rent circa 7,500-8,000 per annum./ Vacant property offers ideal potential to purchase and let. Galashiels lies approximately 35 miles south-east of Edinburgh. Class 2 retail consents. Busy spot as it is near the square - Freehold Sale. The property is situated near to Channel Street, the principal retailing thoroughfare in the town centre. Nearby occupiers include Santander, Holland and Barratt, WH Smith, Lloyds Pharmacy, Subway amongst many others. In recent years Galashiels has benefitted from considerable investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre and significant transport infrastructure works. The town also benefits from a significant student population with the campuses of Heriot Watt University and Borders College within the town as well as a campus of Napier University at Borders General Hospital

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 30 miles south of Edinburgh and is considered the primary town within the Scottish Borders. The Borders Railway is now fully operational (completed September 2015) generating higher demand for rental properties in the local area as well as pushing up prices in the area also. Galashiels is well situated to take advantage of excellent road links to both Newcastle and Edinburgh. The infrastructure works have included the Galashiels inner relief road and, the Borders Railway link which has re-established passenger services between Edinburgh Waverley and the Central Borders. The journey time from Galashiels to Edinburgh city centre is approximately 55 minutes, with departures every 30 minutes. For car access to Edinburgh follow the A7 for approximately 30 miles. In recent years Galashiels has benefitted from considerable investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre and significant transport infrastructure works

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Pricing Information & Bidding

Guide Price: £60,000


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.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 05 February 2021, 4pm
Type: Deadline for Offers

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