Tenanted Commercial LOT 35

17 Market Street, Melrose, TD6 9PL
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Description

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

INCOME PRODUCING INVESTMENT*** Tenanted ground floor retail unit held on a F.R.I Lease producing £15,500 per annum. PRIME TOWN CENTRE. Low Market Rent: ERV £20,000p.a.+

The property is held on a full repairing and insuring head lease on the following terms; Tenant: Wynd Group Ltd Expiry: 12th September 2027 Passing Rent: £15,500p.a. Low Market Rent: ERV £20,000p.a.+

Operating as “Abbey Fine Wines” the property operates as a wine bar and off sales. The property has been renovated by the tenant with floors overlaid with hardwood, plastered and painted throughout.

Calculated to extend to the following internal area 103sqm (1,109sq ft) Ground floor retail unit with return frontage and multiple display windows within a larger multi storey development.

PRIME LOCATION Neighbouring occupiers include Boots Pharmacy, Artisan Jewellers, Station Hotel & Restaurant and The Townhouse Hotel

INCOME PRODUCING INVESTMENT*** Tenanted ground floor retail unit held on a F.R.I Lease producing £15,000 per annum. PRIME TOWN CENTRE. Low Market Rent: ERV £20,000p.a.+ The property is held on a full repairing and insuring head lease on the following terms; Tenant: Wynd Group Ltd Expiry: 12th September 2027 Passing Rent: £15,500p.a. Low Market Rent: ERV £20,000p.a.+ Operating as “Abbey Fine Wines” the property operates as a wine bar and off sales. The property has been renovated by the tenant with floors overlaid with hardwood, plastered and painted throughout. Calculated to extend to the following internal area 103sqm (1,109sq ft) Ground floor retail unit with return frontage and multiple display windows within a larger multi storey development. PRIME LOCATION Neighbouring occupiers include Boots Pharmacy, Artisan Jewellers, Station Hotel & Restaurant and The Townhouse Hotel

The property is located on the west side of Market Street, close to its junction with Market Square within the town of Melrose. Melrose is situated in the Scottish Borders approximately 5 miles from Galashiels. The area comprises a mixture of independent specialist boutique traders, national retailers and residential dwellings. Neighbouring occupiers include Boots Pharmacy, Artisan Jewellers, Station Hotel & Restaurant and The Townhouse Hotel

Full Address: 17 Market Street, Melrose, TD6 9PL

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2 Years
Rent: £15,500 per year / £1,292 per month
Yield: 9% (approx)
Tenant: Company
Notes: Tenant: Wynd Group Ltd Expiry: 12th September 2027 Passing Rent: £15,500p.a. Low Market Rent: ERV £20,000p.a.+

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Pricing Information & Bidding

Guide Price: £205,000


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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: 25 July 2025, 12pm
Type: Deadline for Offers

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