Excellent commercial property situated on High Street, Galashiels *PRIME LOCATION*.
The property is currently rented out to the owners of a vape/ e-cigarette shop. The current tenants are paying £400 per calendar month or £4,800 per year. This would produce a yield of 13.7% yield if achieved for guide price.
Prime Opportunity for Commercial investors looking for an affordable commercial investment. Excellent yield if achieved for guide price. Property has a rateable value of £3,250 meaning it is exempt from business rates.
Location
Galashiels is a charming town nestled in the Scottish Borders region of Scotland, situated along the River Tweed. Historically known for its textile industry, particularly wool manufacturing, the town has a rich industrial heritage that dates back centuries. Today, Galashiels serves as an important administrative and commercial center for the Scottish Borders, with a population of around 14,000 residents. The town is home to the Scottish Borders Campus of Heriot-Watt University, which has brought renewed economic and educational vitality to the area. Surrounded by beautiful rolling hills and scenic countryside, Galashiels offers a picturesque setting that blends historical significance with modern amenities. Its strategic location makes it an excellent base for exploring the stunning landscape of the Borders, with excellent transport links to Edinburgh and other nearby towns. The town's cultural identity is strongly tied to its Scottish Borders roots, with local events, festivals, and traditions celebrating the area's distinctive history and community spirit.
Accommodation
Property comprises: Large front retail area, rear office space and space for toilet.
Terms
Guide Price - £35,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- PRIME NEW LISTING! We are excited to bring to the market is this excellent commercial property situated on High Street, Galashiels *PRIME LOCATION*
- Sure to appeal to shrewd investors looking to start or expand their commercial portfolio.
- Prime Opportunity for Commercial investors looking for a spacious unit with excellent cashflow *HIGH CASHFLOW*
- The property is currently rented at £400 per month meaning a 13.7% yield if achieved for guide price. *HIGH YIELDING OPPORTUNITY*
- Property is situated on an attractive location, next to local amenities and benefiting from local residential area PRIME COMMERCIAL INVESTMENT