Timed Online Auction

02 June 2022, 10am-3pm

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

Description

Full Address: 67-69 Channel Street, Vodafone Investment, Galashiels, Scottish Borders, TD1 1BN

**PRIME HIGH STREET INVESTMENT** Prominent High Street commercial unit set over 2 levels let to Vodafone Limited on Full Repairing and Insuring lease until September 2026 giving immediate rental income of £9,500 per annum. This is low rent with realistic potential rental of over £15,000 per annum.

PRIME TRADING POSITION WITH HIGHLY VISIBLE FRONTAGE within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Subway, Greggs, Tesco, Next and ASDA. Super commercial investment

**FULLY RENOVATED** FITTED OUT TO EXTREMELY HIGH CORPORATE SPECIFICATION. Large High Street Unit includes ground and first floors. Ground Floor-104.50 sqm (1,125 sq ft). First Floor 111.45 sqm (1,200 sq ft). **REAR LOADING**

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, free parking and the new Borders Rail Station. Extremely strong trading position in popular commercial spot.

LET TO VODAFONE LTD- GRADE A TENANTS. Vodafane is multinational corporation operating in 22 countries across Europe, Asia, Africa and Oceania. Vodafone recorded and operating income of over £4 billion in 2020. **100% SECURE TENANT**

**PRIME HIGH STREET INVESTMENT** Prominent High Street commercial unit set over 2 levels let to Vodafone Limited on Full Repairing and Insuring lease until September 2026 giving immediate rental income of £9,500 per annum. This is low rent with realistic potential rental of over £15,000 per annum. PRIME TRADING POSITION WITH HIGHLY VISIBLE FRONTAGE within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Subway, Greggs, Tesco, Next and ASDA. Super commercial investment. **FULLY RENOVATED** FITTED OUT TO EXTREMELY HIGH CORPORATE SPECIFICATION. Large High Street Unit includes ground and first floors. Ground Floor-104.50 sqm (1,125 sq ft). First Floor 111.45 sqm (1,200 sq ft). Extremely strong trading position in popular commercial spot. 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, free parking and the new Borders Rail Station. LET TO VODAFONE LTD- GRADE A TENANTS. Vodafane is multinational corporation operating in 22 countries across Europe, Asia, Africa and Oceania. Vodafone recorded and operating income of over £4 billion in 2020. **100% SECURE TENANT**

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: Sept 2026
Rent: £9,500 per year / £792 per month
Yield: 7% (approx)
Tenant: Company
Notes: Tenant: Vodafone Limited Expiry: 30th September 2026 Break: 3rd year providing not less than 6 months notice Passing Rent: £9,500p.a.x. (Under Rented) Rental Value: £15,000per annum

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Location

Pricing Information & Bidding

Opening Bid: £124,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.75% of Sale Price (Minimum £2,750 + 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: 02 June 2022, 10am-3pm
Type: Timed Online Auction

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