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Description

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

INCOME PRODUCING INVESTMENT***Ground floor commercial Unit situated on the main thoroughfare. PRIME POSITION***Held on a FRIL producing £5,000pa. low rent market rent is £7-8,000 PA***

The property is held on a full repairing and insuring lease on the following terms; Tenant: Personal Name t/a Guess What Expiry: 31st May 2026 Passing Rent: £5,000p.a.

The property comprises a substantial ground commercial unit set within a larger 3 storey mixed development of traditional construction surmounted by a pitched roof.

Internally the property is presented in an open plan layout with partitioned w.c. and tea prep area The subjects have been calculated to extend to the following floor area Ground: 64.47sqm (694sq ft)

Channel Street is a key pedestrian-friendly retail and civic artery linking Market Square to High Street, lined with late-19th and early-20th-century sandstone buildings

INCOME PRODUCING INVESTMENT***Ground floor commercial Unit situated on the main thoroughfare. PRIME POSITION***Held on a FRIL producing £5,000 per annum. The property is held on a full repairing and insuring lease on the following terms; Tenant: Personal Name t/a Guess What Expiry: 31st May 2026 Passing Rent: £5,000p.a. The property comprises a substantial ground commercial unit set within a larger 3 storey mixed development of traditional construction surmounted by a pitched roof. Internally the property is presented in an open plan layout with partitioned w.c. and tea prep area The subjects have been calculated to extend to the following floor area Ground: 64.47sqm (694sq ft) Channel Street is a key pedestrian-friendly retail and civic artery linking Market Square to High Street, lined with late-19th and early-20th-century sandstone buildings

Channel Street is a key pedestrian-friendly retail and civic artery linking Market Square to High Street, lined with late-19th and early-20th-century sandstone buildings. Galashiels is an established Scottish Borders commuter town situated some 27 miles to the south of Edinburgh and 18 miles to the east of Peebles. The town forms a major transport network for the Scottish Borders with links to Edinburgh and Carlisle by way of the A7 and to Newcastle by the A68 arterial road. It is also part of the main bus hub and will soon be the central hub for the forthcoming railway line, linking the Scottish Borders to Edinburgh. Neighbouring occupiers include Argos, Holland & Barrett, Lloyds pharmacy, Subway, Boots, Nationwide Building Society, Co-Op Funeral Care.

Full Address: 6 Channel Street, Tenanted Investment, Galashiels, TD1 1BA

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 1 Year
Rent: £5,000 per year / £417 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Tenant: Personal Name t/a Guess What Expiry: 31st May 2026 Passing Rent: £5,000p.a.

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Pricing Information & Bidding

Opening Bid: £48,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 07 August 2025, 10am-3pm
Type: Timed Online Auction

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