Description
**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
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
The current lease is running on a year year. We have been advised Argos trade well at this location so it is expected that they will remain long term. **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.
Full Address: Unit 6 Douglas Bridge, Argos, Galashiels Scottish Borders, TD1 1BH
Show MoreTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 25 year lease
Rent: £70,350 per year / £5,863 per month
Yield: 15% (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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Pricing Information & Bidding
Opening Bid: £459,000
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SPECIAL Terms of Sale
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- Contribution to Sellers Costs £1,750 for on time settlement
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Buy Now Price = £510,000
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Auction Details
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