Commercial unit

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.

Tenure

Freehold

Area

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.

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Scottish Borders Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.