Units 1 & 2, 71 Island Street, Galashiels, TD1 1PA
£138.86 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
11,472 sq ft
1,066 sq m
- SECTOR
Trade counter for sale
Key features
- Two fully refurbished trade counter units totalling 11,472 sq ft (1,065.75 sq m)
- Prominent frontage onto the A72, which connects Galashiels to Edinburgh and Glasgow
- The property occupies an established and popular trade and retail pitch
- Nearby occupiers include City Plumbing, Jewson, Currys, Poundstretcher, Aldi, McDonalds, TK Maxx, Matalan, and B&M
- Fully let to the strong covenants of Screwfix Direct Limited and Cubico (UK) Limited (t/a Easy Bathrooms)
- Unit 1 rent will increase to £46,782 pa in 2029. Unit 2 rent is subject to an open market rent review in 2027
- 14.2 years to expiry (8.04 years to break)
- Heritable interest (Scottish equivalent of Freehold)
- Attractive net initial yield of 6.25% after standard purchaser’s costs of 6.14%
- Minimum guaranteed reversion of 6.61% in 2029, excluding any uplift from the Unit 2 (Screwfix) open market rent review in 2027
Description
The units are of steel frame construction with profile metal clad elevations and benefit from substantial yard and car parking facilities, with each unit being equipped with an automatic loading door. Internally the units are fitted out by the tenants in their standard corporate design with Screwfix having a customer reception area leading to a large stock warehouse. Easy Bathrooms includes an extensive customer showroom highlighting their range of bathrooms. Both units have associated staff welfare areas and offices.
Galashiels is a town in the Scottish Borders, located approximately 32 miles (50 km) southeast of Edinburgh and 5 miles (8 km) north of Selkirk.
Historically, Galashiels was a hub for the textile industry and continues to honour this heritage through institutions like Heriot-Watt university's School of Textiles and Design. The subject property occupies a prominent roadside pitch on the western side of the A72, which is the main trunk route leading northward from Galashiels town centre, linking the town to Edinburgh (32 miles to the north via the A7) and Glasgow (76 miles to the north west).
The property sits in an established commercial location with a trade and retail focus. Nearby occupiers include City Plumbing, Jewson, Rexel, CEF, B&M, Matalan, Farm Foods, TK Maxx, SBS, Currys, Poundstretcher, Aldi and McDonalds.
Brochures
Units 1 & 2, 71 Island Street, Galashiels, TD1 1PA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Galashiels Station0.3 miles
- Tweedbank Station2.4 miles
Notes
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