Heritable Retail Investment
Heritable Retail Investment
The property is situated on the north side of Bank Street, a popular independent retailing street in the heart of the town centre. Galashiels is a major commercial centre in the Scottish Borders. The town houses the main campus for the Borders College and is well connected to Edinburgh, with the Borders Railway providing access to Edinburgh Waverley station with an average journey time of approximately 51 minutes.
Heritable. (Scottish equivalent of English Freehold).
The property is situated on the north side of Bank Street, a popular independent retailing street in the heart of the town centre. Galashiels is a major commercial centre in the Scottish Borders. The town houses the main campus for the Borders College and is well connected to Edinburgh, with the Borders Railway providing access to Edinburgh Waverley station with an average journey time of approximately 51 minutes.
Heritable. (Scottish equivalent of English Freehold).
The property comprises a ground floor retail unit which forms part of a larger building.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit which forms part of a larger building.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Retail/ Ancillary |
212.58 sq m |
(2,288 sq ft) |
WILKIES LIMITED (1) |
10 years from 01/07/2015 on a full repairing and insuring lease (2) |
£13,610 | 01/07/2020 (30/06/2025) |
| Totals |
212.58 sq m |
(2,288 sq ft) |
£13,610 | ||||
(1) Wilkies is a fashion retailer trading from 14 stores throughout Scotland (www.wilkies.co.uk).
(2) The lease is subject to a schedule of condition.
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