Auction House London

Lot 98

Commercial Property - Commercial Property 

80/82 Channel Street

Galashiels, Selkirkshire, TD1 1BD

Sold for £125,000

A Commercial Investment Producing £12,000 per annum with Approved Planning to Convert the First Floor to Provide 2 x Two Bedroom Flats

Description

The property comprises a mid terraced building arranged to provide a double fronted ground floor shop and and self-contained office to the first floor both also with access from Overhaugh Street.

Tenure

Freehold

Location

The property is situated on an established parade amongst the local shops and amenities in central Galashiels. Nearby multiples include Nationwide Building Society, Dominos and numerous other local traders. Transport links are provided by Galashiels rail station.

Planning

Scottish Borders Council granted the following planning in principle (Ref: 19/01778/CONALT) dated 19th December 2019 for:
'Conversion of office/stores and alterations to provide 2no 3 apartment dwellinghouses'

Current Rent Reserved

Current Rent Reserved £12,000 per annum

Addendum

82 Channel Street is on the ground floor and the 5 Year FRI Lease started from 22nd June 2020

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
82 Channel Street Ground Shop (205 sq m / 2216 sq ft) 5 Year FRI Lease from 22nd June 2020 £12,000 per annum
80 Channel Street First Office (130 sq m / 1400 sq ft) Vacant ERV £6,000

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

View Details as PDFEnquire NowFinance AvailableStamp Duty Calculator
Please refer to the shop opening times For further information, please register for the legal pack. For all enquiries, please contact Jamie Weir at jamie.weir@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

Share this lot

Similar Properties

Lot 86

165 The Vale Acton, London, W3 7RD

*Withdrawn Prior

Lot 77

26 High Street Bargoed, Mid Glamorgan, CF81 8RB

*Sold Prior to auction, for an undisclosed amount

Enquire about 80/82 Channel Street, Galashiels, Selkirkshire, TD1 1BD

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale
  • Register to Bid

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • About Us
  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2022 Auction House London
Registered Address: 2 Cotton Street, Liverpool, Merseyside, L3 7DY Company No. 07048084
Footer Logos