115 / 117 High Street Selkirk Border TD7 4JX

115 / 117 High Street
Selkirk
Border
TD7 4JX

Heritable Retail Investment

Let to Sainsbury's Supermarkets Limited until 2024
Occupied as a supermarket since at least 1972
Includes car park for 24 cars
Site coverage of approximately 26%
Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross

Lot
66
Auction
7th December 2017
Rent
£51,000 per Annum Exclusive
Status
Sold
Price
£540,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Heritable Retail Investment

Let to Sainsbury's Supermarkets Limited until 2024
Occupied as a supermarket since at least 1972
Includes car park for 24 cars
Site coverage of approximately 26%
Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross

Lot 66
Auction 7th December 2017
Rent £51,000 per Annum Exclusive
Status Sold
Price £540,000
Sector
Supermarket/Convenience
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 40 miles south-east of Edinburgh; 50 miles north of Carlisle
Roads: A7, A68
Rail: Galashiels railway station
Air: Edinburgh Airport

Situation

Selkirk is a historic and attractive market town in the Scottish Borders. The property is situated on the north side of the High Street, the town's principal retail thoroughfare. Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross.

Tenure

Heritable.

Location

Miles: 40 miles south-east of Edinburgh; 50 miles north of Carlisle
Roads: A7, A68
Rail: Galashiels railway station
Air: Edinburgh Airport

Situation

Tenure

Heritable.

Description

The property is a well established supermarket comprising ground floor retail accommodation and ancillary accommodation on the first floor. The property benefits from 24 car parking spaces and an approximate site area of 0.15 hectares (0.37 acres) and approximate site coverage of 26%.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Retail Ancillary	365.40 sq m 369.60 sq m	(3,933 sq ft) (3,978 sq ft)	SAINSBURY’S SUPERMARKETS LIMITED (1)	15 years from 11/05/2009 until 2024	£51,000	11/05/2019
Totals		735.00 sq m	(7,911 sq ft)			£51,000

(1) For the year ending 12th March 2016, Sainsbury’s Supermarkets Limited reported a turnover of £23,168,000,000, pre-tax profits of £406,000,000 and a total net worth of £4,458,000,000 (Source: Experian Group 31/10/2017).