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Units 1 & 2, 71 Island Street, Galashiels, TD1 1PA

  • Investments / Trade Counter
  • 11,472 sq ft
  • For Sale
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306027McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306005McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306044McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306032McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306048McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306049McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306053McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306054McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306055McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306065McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306033McAteer.jpg
Units 1 & 2, Galashiels, Investments / Trade Counter For Sale - 7306001McAteer.jpg
Property Type Investments / Trade Counter
Tenure For Sale
Size 11,472 sq ft
Price Offers in the region of £1,593,000
Business Rates Upon Enquiry
Service Charge n/a
Energy Performance Rating Upon enquiry

Secure multi-let trade counter investment - For Sale - Let to Screwfix and Easy Bathrooms

Key Features

  • Two fully refurbished trade counter units totalling 11,472 sq ft (1,065.75 sq m)
  • Prominent frontage onto the A72, which connects Galashiels to Edinburgh and Glasgow
  • The property occupies an established and popular trade and retail pitch
  • Nearby occupiers include City Plumbing, Jewson, Currys, Poundstretcher, Aldi, McDonalds, TK Maxx, Matalan, and B&M
  • Fully let to the strong covenants of Screwfix Direct Limited and Cubico (UK) Limited (t/a Easy Bathrooms)
  • Unit 1 rent will increase to £46,782 pa in 2029. Unit 2 rent is subject to an open market rent review in 2027
  • 14.2 years to expiry (8.04 years to break)
  • Heritable interest (Scottish equivalent of Freehold)
  • Attractive net initial yield of 6.25% after standard purchaser’s costs of 6.14%
  • Minimum guaranteed reversion of 6.61% in 2029, excluding any uplift from the Unit 2 (Screwfix) open market rent review in 2027
  • Seeking offers in the region of £1,593,000

Description

The Property comprises two fully refurbished roadside/ trade counter units totalling 11,472 sq ft (1,065.75 sq m).

The units are of steel frame construction with profile metal clad elevations and benefit from substantial yard and car parking facilities, with each unit being equipped with an automatic loading door. Internally the units are fitted out by the tenants in their standard corporate design with Screwfix having a customer reception area leading to a large stock warehouse. Easy Bathrooms includes an extensive customer showroom highlighting their range of bathrooms. Both units have associated staff welfare areas and offices.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Unit - Unit 1 4,520 419.92 Occupied
Unit - Unit 2 6,952 645.86 Occupied
Total 11,472 1,065.78

Location

Galashiels is a town in the Scottish Borders, located approximately 32 miles (50 km) southeast of Edinburgh and 5 miles (8 km) north of Selkirk.

Historically, Galashiels was a hub for the textile industry and continues to honour this heritage through institutions like Heriot-Watt university's School of Textiles and Design. The subject property occupies a prominent roadside pitch on the western side of the A72, which is the main trunk route leading northward from Galashiels town centre, linking the town to Edinburgh (32 miles to the north via the A7) and Glasgow (76 miles to the north west).

The property sits in an established commercial location with a trade and retail focus. Nearby occupiers include City Plumbing, Jewson, Rexel, CEF, B&M, Matalan, Farm Foods, TK Maxx, SBS, Currys, Poundstretcher, Aldi and McDonalds.