58 Channel Street Galashiels Selkirkshire TD1 1BA

  • 58 Channel Street<br>Galashiels<br>Selkirkshire<br>TD1 1BA

58 Channel Street
Galashiels
Selkirkshire
TD1 1BA

Heritable Retail Investment

  • Let to H Samuel Ltd
  • For the year ending 30th January 2016, H Samuel Limited reported a turnover of £247,414,000, a pretax profit of £17,904,000 and a total net worth of £103,920,000
  • Prominent town centre location in The Scottish Borders’ largest commercial centre
  • Nearby occupiers include Santander Bank, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland
  • Lot
    86
  • Auction
    24th May 2018
  • Rent
    £15,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Retail Investment

  • Let to H Samuel Ltd
  • For the year ending 30th January 2016, H Samuel Limited reported a turnover of £247,414,000, a pretax profit of £17,904,000 and a total net worth of £103,920,000
  • Prominent town centre location in The Scottish Borders’ largest commercial centre
  • Nearby occupiers include Santander Bank, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland
  • Lot 86
  • Auction 24th May 2018
  • Rent £15,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
31 miles south of Edinburgh, 38 miles west of Berwick-upon-Tweed
Roads
A68, A7
Rail
Galashiels Railway Station
Air
Edinburgh Airport
Situation

The property is situated on the south side of Channel Street, the principal retailing thoroughfare in the town centre, opposite the junction with Douglas Bridge. Nearby occupiers include Santander, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland.

Tenure

Heritable. (Scottish equivalent of freehold)

Location
Miles
31 miles south of Edinburgh, 38 miles west of Berwick-upon-Tweed
Roads
A68, A7
Rail
Galashiels Railway Station
Air
Edinburgh Airport
Situation

The property is situated on the south side of Channel Street, the principal retailing thoroughfare in the town centre, opposite the junction with Douglas Bridge. Nearby occupiers include Santander, Holland & Barratt, WH Smith, Lloyds Pharmacy, Subway and Poundland.

Tenure

Heritable. (Scottish equivalent of freehold)

Description

The property comprises retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

Note

The adjoining retail unit at 62 Channel Street is being offered as lot number 85.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

Note

The adjoining retail unit at 62 Channel Street is being offered as lot number 85.

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
Ground Retail
105.07 sq m
(1,131 sq ft)
 H SAMUEL LTD (1) From 13/08/2014
until 31/01/2016 on
a full repairing and
insuring lease (2)		 £15,000
Total
105.07 sq m
(1,131 sq ft)
     £15,000

(1) For the year ending 30th January 2016, H Samuel Limited reported a turnover of £247,414,000, a pre-tax profit of £17,904,000 and a total net worth of £103,920,000 (Source: Experian group 17/4/2018).
(2) The tenant is currently occupying on a monthly basis, either party can determine the lease on one month’s notice.

Contacts

Seller's Solicitors
Leslie Wolfson & Co. Solicitors 19 Waterloo Street
Glasgow
G2 6BQ
Alan Carlton 0141 270 7448jac@lesliewolfson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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