Timed Online Auction

02 December 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 63-65 Channel Street, Modern Retail Investment, Galashiels , TD1 1BH

PRIME MODERN TOWN CENTE RETAIL LOCATION Large retail unit in strong trading position with excellent footfall in a prime central position within the main retail area of Galashiels. Previously LET at 60,000 PER ANNUM. Potential For Sub-Division. 5,102sq ft Dual Frontage & Common Rear Yard

Comprises Ground and First floor retail unit located in extremely strong trading position in popular commercial spot. DUAL FRONTAGE - PROMINENT POSITION.

PERFECT INVESTMENT PROPERTY in popular HIGH STREET PARADE. Unit extends to approx. 5,102sq ft. Ground Floor - 3,189 Sq. Ft. First Floor - 1,913 Sq. Ft. SUPER SIZE AND LOCATION.

PRIME TOWN CENTRE POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Lloyds Pharmacy, Specsavers and Argos.

Situated on the north side of Channel Street, with access and frontage also on Douglas Bridge, within the town of Galashiels.

Large retail unit in strong trading position with excellent footfall in a prime central position within the main retail area of Galashiels. Previously LET at 60,000 PER ANNUM. Comprises Ground and First floor retail unit located in extremely strong trading position in popular commercial spot. DUAL FRONTAGE - PROMINENT POSITION. The vacant property offers ideal potential to purchase and let to generate an excellent rental return. Previously LET for 60,000 PER ANNUM. PRIME TOWN CENTRE POSITION within extremely popular town centre with high footfall in locale. National Retailers nearby include Nationwide, Holland and Barrett, Lloyds Pharmacy, Specsavers and Argos. PERFECT INVESTMENT PROPERTY in popular HIGH STREET PARADE. Unit extends to approx. 5,102sq ft. Ground Floor - 3,189 Sq. Ft. First Floor - 1,913 Sq. Ft. SUPER SIZE AND LOCATION. Prime retail unit comprises the ground and first floor of a two storey modern retail parade with dual frontage onto Channel Street and Douglas Bridge. Internally the premises are open plan at ground floor with storage and staff/kitchen facilities at first floor level. Ground Floor - 3,189 Sq. Ft. First Floor - 1,913 Sq. Ft. Total - 5,102sq ft Situated on the north side of Channel Street, with access and frontage also on Douglas Bridge, within the town of Galashiels.

Galashiels is a busy Scottish market town located in the Borders some 30 miles south of Edinburgh and 30 miles west of Berwick Upon Tweed. The town has a resident population of some 14,000 persons. Communication links are provided via a direct train line to Edinburgh and also the A7 trunk road which links to Edinburgh, Hawick and Carlisle.

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Location

Pricing Information & Bidding

Opening Bid: £192,000

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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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