GUIDE PRICE

Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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

Description

Full Address: 71 Channel Street, Tui Holiday Store, Galashiels, TD1 1BN

PRIME TOWN CENTRE INVESTMENT PROPERTY in Galashiels currently let to TUI UK Retail Ltd on FULL FRI LEASE with annual rent of £19,000. Extremely stable tenant in place since 1999 on 25 year lease.

EXCELLENT SIZE FOR COMMERCIAL/ RETAIL UNIT set over ground and first floors- Ground Floor- 95.75sq m (1,031sq ft). First Floor- 111.95sq m (1,205sq ft) in EXTRMELY PROMINANT POSITION.

PRIME RETAIL POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Subway, Greggs, Tesco, Next and ASDA.

TUI is the largest holiday, tourism and travel company in the world with an operating income of over £830 million in 2019 and employs around 75,000 people worldwide. A* GRADE TENANT with over 12% annual return

Part of the popular Douglas Bridge retail development within the town centre. The premises also benefit from nearby proximity to the town’s bus station, parking and the new Borders Rail Station.

PRIME TOWN CENTRE INVESTMENT PROPERTY in Galashiels currently let to TUI UK Retail Ltd on FULL FRI LEASE with annual rent of £19,000. Extremely stable tenant in place since 1999 on 25 year lease. EXCELLENT SIZE FOR COMMERCIAL/ RETAIL UNIT set over ground and first floors- Ground Floor- 95.75sq m (1,031sq ft). First Floor- 111.95sq m (1,205sq ft) in EXTRMELY PROMINANT POSITION. PRIME RETAIL POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Subway, Greggs, Tesco, Next and ASDA. TUI is the largest holiday, tourism and travel company in the world with an operating income of over £830 million in 2019 and employs around 75,000 people worldwide. A* GRADE TENANT Part of the popular Douglas Bridge retail development within the town centre. The premises also benefit from nearby proximity to the town’s bus station, parking and the new Borders Rail Station.

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
Rent: £19,000 per year / £1,583 per month
Yield: 13% (approx)
Tenant: Company
Notes: 25 Year FRI until October 2024. Break option October 2022

Document Downloads

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Location

Pricing Information & Bidding

Guide Price: £145,000


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.

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Terms of Sale

  • 5% 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: 25 June 2021, 4pm
Type: Deadline for Offers

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