Tenanted Commercial LOT 67

49 Channel Street, Galashiels, TD1 1BJ
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Description

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

INCOME PRODUCING INVESTMENT*** TOWN CENTRE ground floor property (618sq ft) EXCELLENT TRADING POSITION tenanted with an extended FRI lease producing £12,000 per annum Tenant in situ since 2018

Tenancy: Full repairing and Insuring lease Extended Lease to March 2026 £12,000 per annum The lease is held on a personal lease trading as 'Lois Lids' awarded best barber in business award.

Ground floor retail unit within a larger mixed use tenemental development. Compromised: single entrance leading to a open plan retail space with store, tea prep and WC facilities to the rear.

PRIME INVESTMENT PROPERTY with long standing tenant in situ in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £12,000 PER ANNUM

EXCELLENT TRADING POSITION Nearby traders include Nationwide Building Society, Holland & Barrett, Argos, TUI and many others.

INCOME PRODUCING INVESTMENT*** TOWN CENTRE ground floor property (618sq ft) EXCELLENT TRADING POSITION tenanted with an extended FRI lease producing £12,000 per annum Tenant in situ since 2018 Tenancy: Full repairing and Insuring lease Extended Lease to March 2026 £12,000 per annum The lease is held on a personal lease trading as 'Lois Lids' awarded best barber in business award. Ground floor retail unit within a larger mixed use tenemental development. Compromised: single entrance leading to a open plan retail space with store, tea prep and WC facilities to the rear. PRIME INVESTMENT PROPERTY with long standing tenant in situ in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £12,000 PER ANNUM EXCELLENT TRADING POSITION Nearby traders include Nationwide Building Society, Holland & Barrett, Argos, TUI and many others.

The property is situated on the north side of Channel Street, with access and frontage also on Douglas Bridge, 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. The subjects are located on the north side of Channel Street, the principle retailing street within the town. Nearby traders include Nationwide Building Society, Holland & Barrett, Argos, TUI and many others.

Full Address: 49 Channel Street, Galashiels, TD1 1BJ

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 1 Year
Rent: £12,000 per year / £1,000 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Extended Lease to March 2026 £12,000 per annum The lease is held on a personal lease

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Pricing Information & Bidding

Opening Bid: £113,000

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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • 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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* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 18 December 2025, 10am-3pm
Type: Timed Online Auction

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