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Agent's details

Argos Ltd

For sale: £490,000.00|Other, Other Property Types & Opportunities

Property details

FOR SALE£490,000.00
ADDRESSArgos Ltd, Unit 6, 1 Douglas Bridge, Galashiels, TD1 1BH
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON24th November 2023

Description

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 what 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.

Location

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Location: Argos Ltd, Unit 6, 1 Douglas Bridge, Galashiels, TD1 1BH
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