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Lot 1x

Guide Price: £122,000

41 Bank Street, Galashiels, TD1 1EP


LET PRIME Commercial Investment Let at £13,610 p.a To Wilkies Limited (est 1898). Excellent Location, set Between the Tesco Superstore and Bank of Scotland. Lease Expires 30 June 2025. Rent Review 2020. ***STRONG COVENANT Lease Expiry 30 June 2025 (circa 8 years unexpired) ***


  • ***Busy spot as it is near the square.*** GREAT LOCATION BUSY ROAD. Rate-able Value £26,000. (market rent £26,000 per annum therefore scope for rental growth) Strong trading position with excellent footfall in a prime central position within the main retail area of Galashiels.
  • ***ESTABLISHED TENANT** Wilkies Limites– rental £13,610 pa. Gross Internal Floor area = 2,333 sq ft (216.74 sq m). ***Hassle free investment *** Excellent passing traffic and footfall.
  • The subject property comprises a ground floor retail unit within a 3 storey building on Bank Street. There is a sales area to the front of the property with ancillary and storage accommodation at rear. The property is fitted out in the corporate style of the tenant, Wilkies.
  • Galashiels is well situated to take advantage of excellent road links to both Newcastle and Edinburgh. For access to Edinburgh follow the A7 for approximately 28 miles. Wilkies Limited (SC232653) was established in 1898 by the Wilkie family and is a well-respected and extremely well recognised Scottish retail brand

LET PRIME Commercial Investment Let at £13,610 p.a To Wilkies Limited (est 1898). Excellent Location, set Between the Tesco Superstore and Bank of Scotland. Lease Expires 30 June 2025. Rent Review 2020. ***STRONG COVENANT Lease Expiry 30 June 2025 (circa 8 years unexpired) *** The subject property comprises a ground floor retail unit within a 3 storey building on Bank Street. There is a sales area to the front of the property with ancillary and storage accommodation at rear. The property is fitted out in the corporate style of the tenant, Wilkies. ***Busy spot as it is near the square.*** GREAT LOCATION BUSY ROAD. Rate-able Value £26,000. (market rent £12,000 per annum therefore scope for rental growth) Strong trading position with excellent footfall in a prime central position within the main retail area of Galashiels. Wilkies Limited (SC232653) was established in 1898 by the Wilkie family and is a well-respected and extremely well recognised Scottish retail brand. The business remained within the family’s ownership until 2012 when the business was subject to an internally funded management buyout. Sales turnover as at January 2016 was in excess of £6.04 million. The business has 11 existing stores across Scotland which are located in Edinburgh, North Berwick, Kirkcaldy, Helensburgh, Falkirk, Peebles, Galashiels, Largs, Stirling, Dundee and Castle Douglas. The fashion range within these stores include Eastex, Jack Murphy, Emreco, Double 2, Luca Vanucci, Gabicci, Viyella, Farah, Skopes, Arctic Storm, Double 2 and Old Guys Rule. In addition to purely fashion retailing the Stirling, Falkirk and North Berwick stores benefit from Cook Shops with Stirling and Falkirk including in house cafes. Galashiels is the principal town of the Borders and has a population of approximately 14,000 persons with a regional population of 106,000 persons. The town is strategically positioned in the borders being located approximately 33 miles south east of Edinburgh and on the A7 and 62 miles north east of Carlisle

Guide Price: £122,000


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 at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now:


You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.










Open Viewings Scheduled:


Internal Open Viewings Explained:

This property will be open for internal viewings at the above dates and times. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:

You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form

Auction Details


  • Auction Date: 24 October 2017
  • Start Time: 7.00pm
  • Auction Location:
  • Glasgow Radisson Hotel
  • 301 Argyle Street, G2 8DL

Directions: View a Map & Directions to the Auction Venue.

Glasgow Radisson
| Edinburgh Marriott

Registration: You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs: All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits: If you are a successful purchaser of a lot then a deposit of 10% will be required. The deposit is accepted by the following methods:

Deposit Method: Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.