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Description

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

Prime Town Centre Location Close to Town Centre Car Park Ground Floor Unit Well Fitted Out Held on F.R.I Lease Expiry: September 2030 Passing Rent: £15,000p.a.x

Nearby traders include Nationwide Building Society, Vodafone, VPZ, Subway, Lloyds Pharmacy and the newly opened Galashiels Museum.

Tenant: Tweed Chiropractic Ltd Expiry: 9th September 2030 Tenant Break & Review: 10th September 2025 Passing Rent: £15,000p.a.x.

Tweed Chiropractic operate 2 clinics within the scottish borders in Galashiels and Hawick. Working with a team of 9 staff, their core client base is the large number of rugby teams within the region.

The property is situated on the busy Douglas Bridge retail parade within the town of Galashiels.

Tenant: Tweed Chiropractic Ltd Expiry: 9th September 2030 Tenant Break & Review: 10th September 2025 Passing Rent: £15,000p.a.x. Area: Ground: 198.86sqm (2,140sq ft) Further Information: Tweed Chiropractic operate 2 clinics within the scottish borders in Galashiels and Hawick. Working with a team of 9 staff, their core client base is the large number of rugby teams within the region as patients along with the “average Joe”. The clinics are fitted out to a high standard reflective of the calibre of clinic associated within the U.S.

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, Healthcare Investment, Galashiels, TD1 1BH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2030
Rent: £15,000 per year / £1,250 per month
Yield: 13% (approx)
Tenant: Company
Notes: Tweed Chiropractic operate 2 clinics within the scottish borders in Galashiels and Hawick. Working with a team of 9 staff, their core client base is the large number of rugby teams within the region as patients along with the “average Joe”. The clinics are fitted out to a high standard reflective of the calibre of clinic associated within the U.S.

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Pricing Information & Bidding

Opening Bid: £114,000

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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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