Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding investment opportunity in the heart of Galashiels.
Positioned on the principal retail street in the town and within the popular Douglas Bridge parade, the property is let in its entirety to the undoubted covenant of Argos on a lease that has expired. The tenant is therefore on tacit relocation (holding over) and is continuing to pay £70,350.
We understand the tenant is willing to renew the lease and we consider a renewal would be at a rent of approximately £60,000 per annum. Due to the size of the unit, there may also be scope to create a shared space between Argos and Sainsburys given the nearest Sainsburys store is in excess of 20 miles from the town.
Tenure
Freehold
Rent
Notes
Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.
Joint Agent
Jas Aujla
jas@tsapc.co.uk
07810 717 229