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Description

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

IMMEDIATE INCOME PRODUCING COMMERCIAL INVESTMENT. Tenanted town centre commercial unit. Open and trading extremely well as Bakery and coffee house with passing rent of £9,000 per annum.

SUPER SIZE AND TRADING POSITION IN BUSY TOWN CENTRE with highly prominent frontage onto the town's main thoroughfare. Perfectly located for the town's main car park, bus station and train station.

Former H. Samuel is currently let to and Trading as Bulldog Bakery and Coffee House with passing rent of £9,000 per annum on 3 year FRI lease since July 2022. SUPER RETURN ON INVESTMENT.

PRIME TOWN CENTRE POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Lloyds Pharmacy, Specsavers and Argos.

Galashiels is a busy market town and the largest settlement in the Scottish Borders and is the region's main commercial and retail centre. Serviced by excellent transport links with plentiful carparks

Ground floor retail unit. 105.07 sqm- (1,131 sq ft) IMMEDIATE INCOME PRODUCING COMMERCIAL INVESTMENT. Tenanted town centre commercial unit. Open and trading extremely well as Bakery and coffee house with passing rent of £9,000 per annum. SUPER SIZE AND TRADING POSITION IN BUSY TOWN CENTRE with highly prominent frontage onto the town's main thoroughfare. Perfectly located for the town's main car park, bus station and train station. Former H. Samuel is currently let to and Trading as Bulldog Bakery and Coffee House with passing rent of £9,000 per annum on 3 year FRI lease since July 2022. SUPER RETURN ON INVESTMENT. PRIME TOWN CENTRE POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Lloyds Pharmacy, Specsavers and Argos. Galashiels is a busy market town and the largest settlement in the Scottish Borders and is the region's main commercial and retail centre. Serviced by excellent transport links with plentiful carparks. All rental figures are exclusive of VAT with VAT paid in addition.

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.

Full Address: 58 Channel Street, Tenanted Investment, Galashiels, TD1 1BA

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: July 2025
Rent: £9,000 per year / £750 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £76,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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