80/82 Channel Street, Galashiels, Selkirkshire
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Being sold with long standing tenant in situ
- Exceptional 13.8% rental yield at guide price
- Rent review in 2028
- Prime central Galashiels location
Description
This spacious and thriving retail commercial unit in the Borders town of Galashiels is being sold with a long standing tenant in situ. Enjoying prime central location on Channel Street, the unit is currently leased to a long-standing tenant, Borders Pet Rescue, and offers annual income of £18,000 per annum which equates to an exceptional 13.8% if purchased at £130,000 guide price. The property is over two levels, ground and first floors, and extends to a total of approximately 259 sq. metres (162 sq. metres ground and 97 sq. metres first floor). The ground floor offers the main retail area, office and staff accommodation, whilst the first floor is primarily used for general storage. The FRI lease term is five years from June 2025, with a break and rent review in June 2028. This is fantastic addition to an existing commercial portfolio but could equally be a great first venture into commercial property rental. Early expression of interest is essential. EPC Rating E.
Galashiels is a thriving market town in the Scottish Borders and a popular destination for visitors who want to explore the rich history and culture of the region, as well as enjoy the scenic landscapes and outdoor activities. Galashiels has excellent transport links, with regular bus and train services to Edinburgh, Glasgow, and nearby towns. The town also has a modern transport interchange, which opened in 2015 and connects the bus and rail networks.
PURCHASERS NOTES
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Energy Performance Certificates
EE80/82 Channel Street, Galashiels, Selkirkshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Galashiels Station0.2 miles
- Tweedbank Station2.0 miles
Notes
Disclaimer - Property reference AGG-69759621. 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 Auction House Scotland, Glasgow. 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 Auction House Scotland, Glasgow on 0141 673 7275.
*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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