38 Channel Street, Galashiels, Scottish Borders, TD1 1BA
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Commercial property for sale
Description
36-38, Channel Street, Galashiels is a prime commercial premises on the ground level you will find the stable, long term tenant of over 20 years who has extended their lease by a further 5 years on 9/9/2024.
Savers owned by AS Watson Health and Beauty is a highly successful retailer generating £754,800,000 revenue in 2023 thanks to the high footfall attending stores in the UK like this one the current rental is £1,370pcm / £16,440 per year with rental guaranteed until at least September 2029.
Low rent for the area with the rateable value set at over £23,000- giving the opportunity for increased rental in the future.
Massive retail unit measured at 461sqm.
On the upper levels you will find the vacant space which boasts planning permission for 5 flats each with a potential sale value of up to £125,000 per property (over £600,000) or rental value of £900per month (£10,800 per year) giving a potential total income of over £50,000 per year (depending on specification).
Galashiels enjoys massive demand due to the great leisure and retail amenities and being a great commuter town with well connected roads leading to the A7 offering a 33 mile drive to Edinburgh City Centre.
Perfect location only a 4 minute walk to both the train and bus stations then a 2 minute walk to Tesco or 4 minutes to Asda to name a few of the major retailers within a stones throw from this property emphasizing why there is such high demand for residential developments in this location.
This property will be sold under auction terms and conditions by Braveheart auctions. For further information speak to one of our dedicated property team.
The seller has indicated they may be open to pre-auction offers on this property so don't miss out. Visit our website today to submit your offer.
Be Brave... Follow Your Heart
38 Channel Street, Galashiels, Scottish Borders, TD1 1BA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Galashiels Station0.1 miles
- Tweedbank Station2.1 miles
Notes
Disclaimer - Property reference 226FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Braveheart Auctions Limited, Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Braveheart Auctions Limited, Edinburgh on 0131 381 5170.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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