The subjects comprise an exceptionally prominent refurbished warehouse of steel portal frame construction which is in the process of being subdivided in to two units with main road frontage and a substantial yard. The units are being re-roofed and re-clad with class 11 planning in place.
Location
Galashiels is situated in the Borders area of Scotland and is acknowledged as the prime retailing location within the central Borders region. The town has a population of approximately 14,000 and a catchment within a 20-minute drive time of approximately 35,000.
The subjects occupy a prominent roadside position on the east side of the A72, which is the main vehicular route into the town of Galashiels from the south.
Surrounding occupiers include Dove Building Materials, B&Q, McDonald’s Restaurant & Drive Thru, Sports Direct, Halfords and TK Maxx.
Accommodation
Unit 1 - 6,910 sq.ft 642 sq.m gross internal area - Let to Screwfix
Unit 2 - 4,520 sq.ft 420 sq.m gross internal area - Available
Terms
RENTAL/LEASE TERMS - We are seeking offers on a leasehold basis with a minimum of 10 years.
BUSINESS RATES - To be assessed.
ENERGY PERFORMANCE CERTIFICATE - Will be produced on completion of the works.
LEGAL COSTS - Each party is responsible for their own legal costs and the tenant shall be responsible for lease registration costs and land tax as standard.
VAT - All prices, rents, premiums etc. are quoted exclusive of VAT. Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.
Date of entry By arrangement.
ANTI MONEY LAUNDERING REGULATIONS - The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.