* Freehold
* Freehold: **80 & 82: ** Retail - The property is let by way of a 5 year full repairing and insuring lease to the Border Animal Welfare Association trading as Border Pet Rescue with effect from. . .
For Sale By Public Auction on 08 February starting at 08: 30 am - **An
Attractive Freehold Town Centre Commercial Investment With The Benefit Of
Planning Permission To Convert The First Floor To Provide Two Apartments in
the future
Current Rental Income £17, 000 pa**
The property comprises an attractive mid terraced building configured to
provide a double fronted retail unit extending to approximately 2, 216 sq. ft
(205 sq. m) occupied by the Border Animal Welfare Association trading as Border
Pet Rescue.
The first floor comprises of vacant offices extending to approximately
1, 400sq. Ft (130 sq. m).
We have not undertaken a measured survey of the premises and all interested
parties should seek their own verification of floor areas and dimensions.
**Location**
The property occupies a prominent frontage to the southern side of Channel
Street within a vibrant mix of local and national operators.
Within the vicinity there is the Pavilion Cinema, Tesco Extra, Argos, Boots,
Subway, Lloyds Pharmacy and a Nationwide Building Society. Galashiels railway
station is a short walk from the property.
Galashiels is a popular and well established Scottish Borders commuter town
situated approximately 27 miles south of Edinburgh and 18 miles to the east of
Peebles. The town forms a major transport network for the Scottish borders
with links to Edinburgh and Carlisle via the A7 and to Newcastle by the A68.
**Energy Performance Rating**
**E
**
**Tenure**
Freehold:
**80 & 82: ** Retail - The property is let by way of a 5 year full repairing
and insuring lease to the Border Animal Welfare Association trading as Border
Pet Rescue with effect from 22nd June 2020, at a rent of £17, 000 per annum.
A copy of the lease and rent review documentation will be available within the
legal pack.
**Planning**
The property benefits from planning permission in principal, granted by the
Scottish Borders Council (Ref: 19/01778/conalt) dated 18th December 2019 and
extended on the 18th August 2023 to convert the first floor office to provide
two apartments.
Copies of the planning permission and extension notice will be available
within the legal pack.
**Value Added Tax**
VAT is not chargeable on this transaction.
**Auctioneer's Note**
Please note offers may be considered prior to the Auction Sale.
**Viewing Times**
Strictly by appointment with the Auctioneers.
**Live - streamed Auction**
Please note that the Auction will be livestreamed via our website. You can
take part remotely via Proxy, Telephone or Online, if you wish to bid you must
pre - register via our website no later than 3pm the day prior to the auction.
**Disclaimer**
Bond Wolfe or their Agents for the seller of these Lots give notification that
any particulars contained within the catalogue/website are prepared to the
best of their knowledge and all potential buyers should make their own
enquiries and investigations to the accuracy of the information contained in
these particulars. Any amendments to the particulars that Bond Wolfe are aware
of will be published on the addendum, which is available within the lot
information or on the Bond Wolfe's website.
***Definition of Guide Price and Reserve**
All properties are sold subject to a reserve price, which is the minimum price
the seller is willing to accept and is confidential between the seller and
Auctioneer. The guide price is only an indication as to where the reserve is
currently set and not necessarily the Auctioneers expectation of what it will
sell for. If the guide price is a bracket figure, then the reserve price
cannot be higher than the top end of the guide price, if the guide price is a
fixed figure, then the reserve cannot be more than 10% above the guide price.
The guide price and reserve price can be subject to change at any time up to
and including the auction day and, properties can often sell for substantially
more than the quoted guide price.
**Costs at Auction**
When buying at auction you will unconditionally exchange contracts on the fall
of the auctioneer's gavel, please therefore ensure you have read the legal
pack for each property prior to bidding. They are all individual and include
the terms and conditions of your purchase as well as any costs in addition to
the purchase price.
The sale of each lot is subject to an administration fee of £1, 920 inc VAT
(£1, 600. 00 + VAT) (unless otherwise stated in the important information),
payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may
differ and all interested parties should enquire directly with the Auctioneers
as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the
Special Conditions within the legal pack and these costs will be payable on
completion. Any stamp duty and/or government taxes are not included within the
Special Conditions within the legal pack and all potential buyers must make
their own investigations. The legal packs and further information about buying
at auction are available on the Bond Wolfe's website.

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