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Description

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

Tenanted Commercial Property within Galashiels. National tenant (Sally Beauty) has been in occupation since 2004. Rented on FRI agreement for £14,000 per annum with extended 5 yr lease (no break).

Double frontage onto the main street with level walk in access, main shop floor sales area and service counter. Unit features storage, staff facilities and toilet facilities. Freehold Sale.

Galashiels is the busiest town in the borders providing the principal shopping, social and administrative facilities for the surrounding area and is in effect the principal population centre.

Title Number SEL2633 - Opportunity to purchase a successful national tenant site within the busiest town in the Scottish Borders. Prominent high street location. Net Internal Area - 1,721 Sq.Ft.

Galashiels offers a wide and varied range of recreational amenities, bars, shops, restaurants and sporting activities. Well placed for travel to the surrounding Borders towns, Edinburgh and England.

Modern Development situated on Main Thoroughfare - Ground Floor. Let To Sally Salon Services Limited. F.R.I Lease terms. Expiry March 2031 (Option to extend). Agreed Rent: £14,000 per annum. Sally Beauty - Cosmetics chain offering brand-name beauty products and supplies, including salon equipment ***Located within Galashiels town centre close to all shops and amenities. Surrounding businesses are mainly smaller independent traders*** Features - Main double frontage and entrance onto the main street with level walk in access, main shop floor sales area and service counter. Unit features storage, staff facilities and toilet facilities. Freehold Sale (Full Ownership). Established Tenant. The property is located on the High Street. Shopping amenities are available locally with a Asda superstore, Tesco Superstore along with others such as Marks and Spencers. The railway line is fully operational and Galshiels station is located on a short distance from the property. The property is served by road links including the A7 lying to the south and the A72 located to the north. Recreational pursuits are available throughout the surrounding countryside.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Annual
Rent: £14,000 per year / £1,167 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Leased to Sally Salon Services Limited (Registered Number 01060763) - Rented on FRI agreement for £14,000 per annum with extended 5 yearr lease (no break). Tenanted since 2004.

Maps & Location

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Galashiels is the principal economic and administrative centres which serves the wider Scottish Borders area. Galashiels is a popular border town on the A7 some 35 miles from Edinburgh city centre. Galashiels itself is an excellent shopping centre and people travel in from a wide radius to take advantage of its opportunities. A great deal more than daily requirements is catered for in this location and there is a good choice of banking, building society and post office services. In recent years, the road network in the area has improved beyond all recognition. There are regular and frequent bus services to and from Edinburgh city centre. The new train line has also dramatically changed way of living for the area making it easier to commute to Edinburgh taking around 50 minutes.

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Pricing Information & Bidding

Opening Bid: £125,000

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Terms & Conditions of Sale

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