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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
Modern Retail Parade
Prime Thoroughfare
Adjacent to main car park
Held on F.R.I Lease
Let to British Red Cross Society
Ground Floor
Expiry May 2027
Passing Rent: £18,000p.a.x
Nearby traders include Nationwide Building Society, Vodafone, VPZ, Subway, Lloyds Pharmacy and the newly opened Galashiels Museum.
The property is situated on the busy Douglas Bridge retail parade within the town of Galashiels.
he British Red Cross Society's annual turnover has seen significant growth recently. For the financial year ending in December 2022, the British Red Cross reported a total income of £439 million.
Communication links are provided via a direct train line to Edinburgh and also the A7 trunk road which links to Edinburgh, Hawick and Carlisle.
Tenant: British Red Cross Society
Expiry: 25th May 2027
Passing Rent: £18,000p.a.x.
Area: 201.58sqm (2,170sq ft)
Further Information: The British Red Cross Society's annual turnover has seen significant growth recently. For the financial year ending in December 2022, the British Red Cross reported a total income of £439 million, which represents a substantial increase from previous years, largely driven by their Ukraine appeal and other humanitarian efforts. The British Red Cross operates around 330 charity shops across the United Kingdom
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: Douglas Bridge, Red Cross Investment, Galashiels, Borders, TD1 1BH
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: Expiry May 2027
Rent: £18,000 per year / £1,500 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Tenant: British Red Cross Society
Expiry: 25th May 2027
Passing Rent: £18,000p.a.x.
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Auction Details
Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction
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