Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: Unit 6 Douglas Bridge, Argos, Galashiels Scottish Borders, TD1 1BH

**100% PRIME INVESTMENT PROPERTY** Settled, Nationally established tenant - Argos Ltd on Full FRI lease paying 70,350 per annum. Extremely prominent corner plot on busy shopping parade. INCREDIBLE YIELD

PERFECT READING POSITION with extremely large unit in prominent corner plot with accommodation on ground and first floors. Ground Floor- 262.90sqm (2,830 sq ft). First Floor-618.35 sq m (6,656 sq ft)

MASSIVE RETURN ON INVESTMENT with settled long term tenant paying over 70,000 per year in rent in popular and affluent High Street shopping parade.

Nearby national retailers include Home Bargains, O2, Tesco, Asda, Nationwide Building Society, McDonalds, Poundland and Subway. PRIME SPOT close to parking and transport.

PERFECT INVESTMENT PROPERTY in popular HIGH STREET PARADE with first class, International tenant. Located 35 miles from Edinburgh; Galashiels has an extremely affluent and thriving retail disctrict

**100% PRIME INVESTMENT PROPERTY** Settled, Nationally established tenant - Argos Ltd on Full FRI lease paying 70,350 per annum. Extremely prominent corner plot on busy shopping parade. There is currently no Sainsburys in in Galashiels. PERFECT READING POSITION with extremely large unit in prominent corner plot with accommodation on ground and first floors. Ground Floor- 262.90sqm (2,830 sq ft). First Floor-618.35 sq m (6,656 sq ft). MASSIVE RETURN ON INVESTMENT with settled long term tenant paying over 70,000 per year in rent in popular and affluent High Street shopping parade. tenant Keen to stay and have recently refurbished the unit. Nearby national retailers include Home Bargains, O2, Tesco, Asda, Nationwide Building Society, McDonalds, Poundland and Subway. PRIME SPOT close to parking and transport. PERFECT INVESTMENT PROPERTY in popular HIGH STREET PARADE with first class, International tenant. Located 35 miles from Edinburgh; Galashiels has an extremely affluent and thriving retail disctrict. Tenant Keen to stay as Profitable store

100% PRIME LOCATION Galashiels is a popular market town in the borders with a population of approximately 14,000 people and a regional population of 106,000 people. The town is located approximately 32 miles south of Edinburgh and is considered the primary town within the Scottish Borders.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 25 year lease
Rent: 70,350 per year / 5,863 per month
Yield: 14% (approx)
Tenant: Company
Notes: Argos- review 2022. Extremely prominent corner plot on busy shopping parade. There is currently no Sainsburys in in Galashiels. Tenant Keen to stay as Profitable store PERFECT READING POSITION

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Location

Pricing Information & Bidding

Guide Price: £495,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 30 September 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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