Summary - SHOP, 82, CHANNEL STREET TD1 1BD
1 bed 1 bath Commercial Property
High-yield central retail with immediate income and short lease term.
- Exceptional 13.8% yield at £130,000 guide price
A rare, high-yield commercial freehold in central Galashiels, offered at a guide price that produces an exceptional 13.8% current return. The property is two-storey retail with substantial floorspace (approx. 2,787 sq ft) and a long-standing tenant in occupation, producing £18,000 pa. The lease is full repairing and insuring (FRI) and includes a rent review in June 2028.
This opportunity suits income-focused buyers building or starting a commercial portfolio. The unit benefits from prime Channel Street positioning, fast broadband and excellent mobile signal, making it a practical, lettable town-centre asset. The tenant and track record reduce void risk in the short term.
Important cautions are straightforward: there are only five years remaining on the FRI lease from June 2025, with a break and a rent review in 2028. Mortgage lenders frequently refuse lending on properties with such short unexpired lease terms, so purchasers should check funding options. The property will be sold at auction and a buyer’s premium of 3.6% (minimum £3,600) normally applies.
The building has an EPC rating E and dates from the 1960s with a flat roof and mixed-use frontage. The surrounding area is classified as very deprived and attracts constrained renters and migrant families; buyers should factor local market conditions into long-term value assumptions. Overall, this is a clear, high-yield investment with immediate income — but with material financing and market risks that require buyer due diligence.
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