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Description

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

INCOME PRODUCING INVESTMENT*** 2 Retail Units Held on Single F.R.I Lease producing £37,000 in total Running on Tacit. Opportunity to Re-gear Lease. PRIME LOCALE. Low rent market rent is £43-45,000PA

The property is held on a full repairing and insuring head lease on the following terms; Tenant: Camec (Scotland) Ltd t/a William Hill Expiry: 5th May 2024 (running on tacit) Passing Rent: £37,000p.a

The properties offer a large single window display frontages with single access door. Internally the property is presented in an open plan layout with partitioned w.c. and tea prep area.

62 High St (William Hill) Ground: 127.67sqm (1,374sq ft) 1st: 67sqm (721sq ft) Total: 194.67sqm (2,095sq ft) 64 High St (Cafe) Ground: 28.74sqm (309sq ft) Basement: 30sqm (323sq ft) Total: 58.74sq

PRIME TRADING LOCATION Neighbouring occupiers include Argos, Holland & Barrett, Lloyds pharmacy, Subway, Boots, Nationwide Building Society, Co-Op Funeral Care.

INCOME PRODUCING INVESTMENT*** 2 Retail Units Held on Single F.R.I Lease producing £37,000 in total Running on Tacit. Opportunity to Re-gear Lease. PRIME TOWN CENTRE LOCATION The property is held on a full repairing and insuring head lease on the following terms; Tenant: Camec (Scotland) Ltd t/a William Hill Expiry: 5th May 2024 (running on tacit) Passing Rent: £37,000p.a The properties offer a large single window display frontages with single access door. Internally the property is presented in an open plan layout with partitioned w.c. and tea prep area. 62 High St (William Hill) Ground: 127.67sqm (1,374sq ft) 1st: 67sqm (721sq ft) Total: 194.67sqm (2,095sq ft) 64 High St (Cafe) Ground: 28.74sqm (309sq ft) Basement: 30sqm (323sq ft) Total: 58.74sq PRIME TRADING LOCATION Neighbouring occupiers include Argos, Holland & Barrett, Lloyds pharmacy, Subway, Boots, Nationwide Building Society, Co-Op Funeral Care.

The subject premises are located to the south side of Channel Street close to its junction with Bank Street within an area of existing national and local retail operators. Galashiels is an established Scottish Borders commuter town situated some 27 miles to the south of Edinburgh and 18 miles to the east of Peebles. The town forms a major transport network for the Scottish Borders with links to Edinburgh and Carlisle by way of the A7 and to Newcastle by the A68 arterial road. It is also part of the main bus hub and will soon be the central hub for the forthcoming railway line, linking the Scottish Borders to Edinburgh.

Full Address: 62 and 64 High Street, William Hill, Peebles, EH45 8SW

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: £37,000 per year / £3,083 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: Tenant: Camec (Scotland) Ltd t/a William Hill Expiry: 5th May 2024 (running on tacit) Passing Rent: £37,000p.a

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Pricing Information & Bidding

Opening Bid: £395,000

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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

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Auction Details

Date & Time: 17 July 2025, 10am-3pm
Type: Timed Online Auction

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