38 Channel Street, Galashiels, Scottish Borders, TD1 1BA
Business rates & charges may apply
- SIZE
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- SECTOR
Commercial property for sale
Key features
- Established high street tenant
- £16000 p/a rental income
- Scope to increase rent
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.
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.
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.
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
*Legal Pack available on request*
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
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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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