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INVESTMENT FOR SALE: 26 HIGH STREET, GALASHIELS - TOWN CENTRE TAKE AWAY INVESTMENT

For sale: POA|2393 |Office, Retail - High Street, Restaurant/Cafes, Restaurant/Cafes, Restaurant/Cafes, Offices, Retail

PROPERTY DETAILS

FOR SALEPOA
SIZE2393
ADDRESS24 High Street, Galashiels, Scottish Borders, TD1 1SE
TYPEOffice, Retail - High Street, Restaurant/Cafes, Restaurant/Cafes, Restaurant/Cafes, Offices, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON6th September 2019

DESCRIPTION

Prime Town Centre Location
Extensively Refurbished
2,393sq ft
Let on F.R.I Lease
Held on Personal Name
Expiry: June 2038
Passing Rent: £12,000p.a
Price: o/o £120,000

Location

The subjects are situated on the north side of High Street, West of its junction with Sime Place within Galashiels town centre.

Galashiels is an established Scottish Borders commuter town situated some 27 miles to the south of Edinburgh and 18 miles to the east of Peebles. The town forms a major transport network for the Scottish Borders with links to Edinburgh and Carlisle by way of the A7 and to Newcastle by the A68 arterial road. It is also part of the main bus hub and will soon be the central hub for the forthcoming railway line, linking the Scottish Borders to Edinburgh.

Neighbouring occupiers include; The Harrow Inn, Iceland, Post Office, Bank Of Scotland, Hunters Hall Public House, Reivers Sports Bar & Clydesdale Bank.

Subjects

The subjects comprise a ground floor hot food take away situated within a larger 3 storey sandstone development surmounted by a pitched roof.

Benefitting from an extensive aluminium glazed frontage the subjects are accessed via a single aluminium framed glazed door leading to a large open plan customer area with servery and open plan grill kitchen.

The subjects have been partitioned internally to form w.c facilities, walk in fridge, dry store & office area. Lighting is provided by way of L.E.D spots mounted on the suspended plastered ceiling, the walls have been overlaid with ceramic tile with flooring having been screeded and laid with heavy duty commercial linoleum.

Area

The subjects have been measured on a Net Internal Area basis to extend to the following;

222.3sqm (2,393sq ft)

Executive Summary

The subjects are held on a full repairing and insuring basis on the following terms;

Tenant: Personal Name t/a “The Kebab Shop”
Term: June 2018 - June 2038
Passing Rent: £12,000per annum
Review: 8th June 23’ & Every 5th year
Tenant Info: The tenant operates several take aways throughout the borders under a different brand. Having spent extensive sums in renovation and upgrading extraction and gas supply the tenant has invested heavily in the opening of this unit.


Price

Offers in excess of £120,000 are invited for the freehold interest.

V.A.T

The subjects have not been elected for V.A.T

E.P.C

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

By appointment only

Lease & Title

Available on request

LOCATION

Location: 24 High Street, Galashiels, Scottish Borders, TD1 1SE
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