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Description

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

INCOME PRODUCING INVESTMENT*** 2 Retail Units Held on Single F.R.I Lease producing £37,000 in total Running on Tacit. Opportunity to Re-gear Lease. PRIME LOCALE. Low rent market rent is £43-45,000PA

The property is held on a full repairing and insuring head lease on the following terms; Tenant: Camec (Scotland) Ltd t/a William Hill Expiry: 5th May 2024 (running on tacit) Passing Rent: £37,000p.a

The properties offer a large single window display frontages with single access door. Internally the property is presented in an open plan layout with partitioned w.c. and tea prep area.

62 High St (William Hill) Ground: 127.67sqm (1,374sq ft) 1st: 67sqm (721sq ft) Total: 194.67sqm (2,095sq ft) 64 High St (Retail) Ground: 28.74sqm (309sq ft) Basement: 30sqm (323sq ft) Total: 58.74

PRIME TRADING LOCATION Neighbouring occupiers include Argos, Holland & Barrett, Lloyds pharmacy, Subway, Boots, Nationwide Building Society, Co-Op Funeral Care.

INCOME PRODUCING INVESTMENT*** 2 Retail Units Held on Single F.R.I Lease producing £37,000 in total Running on Tacit. Opportunity to Re-gear Lease. PRIME TOWN CENTRE LOCATION The property is held on a full repairing and insuring head lease on the following terms; Tenant: Camec (Scotland) Ltd t/a William Hill Expiry: 5th May 2024 (running on tacit) Passing Rent: £37,000p.a The properties offer a large single window display frontages with single access door. Internally the property is presented in an open plan layout with partitioned w.c. and tea prep area. 62 High St (William Hill) Ground: 127.67sqm (1,374sq ft) 1st: 67sqm (721sq ft) Total: 194.67sqm (2,095sq ft) 64 High St (Retail) Ground: 28.74sqm (309sq ft) Basement: 30sqm (323sq ft) Total: 58.74sq PRIME TRADING LOCATION Neighbouring occupiers include Argos, Holland & Barrett, Lloyds pharmacy, Subway, Boots, Nationwide Building Society, Co-Op Funeral Care.

The subject premises are located within an area of existing national and local retail operators. Nestled in the Tweed Valley, within the Scottish Borders, the charming Royal Burgh of Peebles is a historic and picturesque town. The town has been recognised as the ‘Top Independent Retailing Town in Scotland' with a wealth of independent shops, but also benefits from a handful of high-street supermarkets, including a Tesco superstore, banks, and a post office. The town is home to numerous top-quality restaurants, bars, and cafes and is considered a cultural hub, with the distinguished Eastgate Theatre and Arts Centre hosting a wide range of arts events throughout the year. There are also a number of annual festivals held in the town, including the Beltane Festival, the Peebles Jazz Festival, and the renowned Arts Festival. Situated on the banks of the River Tweed, famous for salmon fishing, and set within an area of outstanding beauty, Peebles promises a perfect base from which to enjoy all the countryside has to offer – from scenic riverside and parkland walks to horse riding and cycling. There is also an 18-hole golf course within the town, as well as a leisure centre and a swimming pool. For those with children, Peebles' catchment area encompasses some highly-regarded schooling, from nursery to secondary level. Peebles is also a popular Borders retreat for commuters, located just over 20 miles fro

Full Address: 62 and 64 High Street, William Hill and Calzeat Portfolio, Peebles, EH45 8SW

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Map & Location

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Special Terms of Sale

  • Deposit (?) 5% of Sale Price
  • Buyers Fee (?) 1% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £37,000 per year / £3,083 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Tenant: Camec (Scotland) Ltd t/a William Hill Expiry: 5th May 2024 (running on tacit) Passing Rent: £37,000p.a

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Pricing Information & Bidding

Opening Bid: £315,000

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SPECIAL Terms of Sale

  • 5% Deposit (Minimum £3,000)
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 04 December 2025, 10am-3pm
Type: Timed Online Auction

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