58-68 Channel Street Galashiels Selkirkshire TD1 1BA

58-68 Channel Street
Galashiels
Selkirkshire
TD1 1BA

Heritable Retail Investment

Four retail units let to H Samuel Ltd, Phones 4 U Ltd and PDSA
Prominent town centre location in The Scottish Border’s largest commercial centre
Nearby occupiers include Santander Bank, Superdrug, W H Smith, Lloyds Pharmacy and Subway
Six Week Completion

Lot
49
Auction
5th December 2013
Rent
£81,583 per Annum Exclusive
Status
Sold
Price
£350,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Heritable Retail Investment

Four retail units let to H Samuel Ltd, Phones 4 U Ltd and PDSA
Prominent town centre location in The Scottish Border’s largest commercial centre
Nearby occupiers include Santander Bank, Superdrug, W H Smith, Lloyds Pharmacy and Subway
Six Week Completion

Lot 49
Auction 5th December 2013
Rent £81,583 per Annum Exclusive
Status Sold
Price £350,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 31 miles south of Edinburgh; 38 miles west of Berwick-upon-Tweed
Roads: A68, A7
Air: Edinburgh Airport

Situation

The property is situated on the south-west side of Channel Street, the principal retailing thoroughfare in the town centre, diagonally opposite the junction with Douglas Bridge. Nearby occupiers include Santander Bank, Superdrug, W H Smith, Lloyds Pharmacy and Subway.

Tenure

Heritable.

Location

Miles: 31 miles south of Edinburgh; 38 miles west of Berwick-upon-Tweed
Roads: A68, A7
Air: Edinburgh Airport

Situation

Tenure

Heritable.

Description

The property comprises a parade of four traditional ground floor retail units. The residential uppers parts are on a separate title and not included in the sale.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a parade of four traditional ground floor retail units. The residential uppers parts are on a separate title and not included in the sale.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
58	Ground	Retail	105.07 sq m	(1,131 sq ft)	H SAMUEL LTD (1)	35 years from 14/08/1979	£25,600	13/08/2014
62	Ground	Retail	165.09 sq m	(1,777 sq ft)	PHONES 4U LTD (2)	10 years from 29/06/2006	£28,000	28/06/2016
64	Ground	Retail	128.02 sq m	(1,378 sq ft)	THE PEOPLE’S DISPENSARY FOR SICK ANIMALS t/a PDSA (3)	15 years from 17/06/2003	£27,983	17/06/2018
68	Ground	Retail	139.82 sq m	(1,505 sq ft)	VACANTPOSSESSION
Totals			538.00 sq m	(5,791 sq ft)			£81,583

(1) For the year ending 2nd February 2013, H Samuel Limited reported a turnover of £243,450,000, pre-tax profits of £9,902,000 and a total net worth of £90,232,000. (Source: www.riskdisk.com 06/11/2013)
(2) For the year ending 31st December 2012, Phones 4U Limited reported a turnover of £963,686,000, pre-tax profits of £88,810,000 and a total net worth of £375,377,000. (Source: www.riskdisk.com 06/11/2013)
(3) PDSA is a leading UK veterinary charity. PDSA provide veterinary services to sick and injured animals and promote responsible pet ownership. (Source: www.pdsa.org.uk 06/11/2013)