52 Bank Street, Galashiels, Scottish Borders. TD1 1EP

For sale £70,000 488 sq ft
8 days ago. Edwin Thompson
Full address
52 Bank Street, Galashiels, Scottish Borders. TD1 1EP - Galashiels
Contact details
Asking price
£70,000
Property type
Shop, retail unit for sale
Features
Cafe, Car park, Reception, Restaurant, Telephone system, Train transport
Size
488 sq ft

An extremely well positioned investment opportunity within Galashiels town centre. Currently let at £6,000 per annum.
• Sought after position
• Strong rental Income
• Well suited to the local market
• Currently below Rates Threshold – subject to eligibility under SBRR.
• Price equates to excellent return of over 8.57% per annum before costs.
52 Bank Street is situated in a good trading position within Galashiels town centre.
Galashiels with a population of approximately 14,000 is on of the principal towns in the Scottish Borders. It is generally considered to be the main administrative, retail and social centre for the region, effectively serving a population of 110,000. In recent years Galshiels has been subject to considerable investment.
Developments have included the Galashiels inner relief road and the Borders Railway link. Which has re-established passenger services between Edinburgh Waverly and the central Borders. The journey time from Galashiels to Edinburgh city centre is approximately 55 minutes, with departures every 30 minutes.
The town features a wide range of High street and out of town retailing, restaurants, cafes and local amenities. There is also a significant student population, as home to the Heriot Watt University School of Textiles and Design as well as having a campus of Borders College.
Bank Street is one of the towns main retail streets with a good level of footfall and passing trade, as one of the towns main vehicular thoroughfares. The long sweeping planting and well tended lawns of Bank Street Gardens to the South of the Street provides an appealing shopping environment.
A ground floor shop with attractive traditional hardwood framed shop façade within a two storey terraced building a short distance to the west of the Category B Listed Fountain at recently upgraded Cornmill Square.
On-street parking is available directly to the front of the unit.
The shop is let on a full repairing and insuring lease for a term of six years from 01 February 2017 at a current passing rent of £6,000 per annum. The lease provides for an upwards only rent review to Market Rent on the third anniversary.
An extremely well positioned investment opportunity within Galashiels town centre. Currently let at £6,000 per annum.
• Sought after position
• Strong rental Income
• Well suited to the local market
• Currently below Rates Threshold – subject to eligibility under SBRR.
• Price equates to excellent return of over 8.57% per annum before costs.

This shop, retail unit for sale is located in Galashiels

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National rail 0.3m Galashiels
Nearest airport 51.3m Edinburgh

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