Britton Property.
Investment For Sale
Unit 6 Douglas Bridge, Galashiels TD1 1BH
Prime Town Centre Investment - close to main car park
Let to Argos Ltd
Rent: £55,000pa
Expiry: 22nd May 2029 (recently extended and no break options)
Price: Offers over £525,000
Viewing strictly by appointment with BRITTON PROPERTY
Andrew Britton
T. 07990 505 421
E. andrew@brittonproperty.co.uk
Galashiels as a popular market town in the Scottish Borders with a population of approximately 14,000 and a wider catchment of over 100,000. The town is approximately 32 miles south of Edinburgh and is considered to be the primary town within the Scottish borders.
Douglas Bridge Shopping Centre occupies an excellent position just off Channel Street and is the main thoroughfare between the new Borders rail station and the town centre. The centre comprises 15 units totalling in excess of 44,000 sqft of retail space. Occupiers include Holland and Barrett, Specsavers, Vodafone, British Red Cross and Barnardos.
The premises comprise a corner, double windowed retail unit arranged over ground and first floors of a single storey modern retail parade.
Internally the premises comprise open plan retail space at ground floor with further retail at first floor along with storage, WC facilities and staff/kitchen areas.
The premises extends to the following approximate areas:
Ground Floor: 2,748 sq ft / 255.32 sqm
First Floor: 6,358 sq ft / 590.68 sqm
Let to Argos Ltd until 22nd May 2029 on a FRI Lease. The passing rent is £55,000pa.
Argos Ltd have a national network of 1,129 stores and collection points. The company generated sales of £4.2bn and had net assets of £499.4m for the year end 22/23.
Offers over £525,000 are sought.
On application
Legal Costs Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Britton Property is a niche, independent retail and leisure consultancy, providing professional and bespoke advice to clients.