Summary - Hope Mill Business Park Hope Mill Business Park Galabank Trade Park, Wilderhaugh, Galashiels, Scottish Borders, TD1 1PR TD1 1PR
1 bed 1 bath Industrial Park
High-yield multi-let estate with strong national occupiers and 3.2-acre site.
- Multi-let trade counter estate totalling c.43,172 sq ft
- Prominent roadside frontage and easy vehicular access
- Total site area approximately 3.20 acres
- Strong tenant line-up of national trade operators
- Passing rent £280,900 pa, average £6.50 per sq ft
- Reported NIY 7.54% with potential RY circa 9.04%+
- Located in a very deprived local area; economic challenges
- Tenure details not provided; further due diligence required
A rare multi-let industrial and trade-counter investment in Galashiels, offering immediate income and active management potential. The terrace comprises six single-storey trade counter/warehouse units totalling about 43,172 sq ft on a prominent 3.20-acre linear site fronting the town's main thoroughfare, with forecourts and customer/commercial vehicle parking.
The asset produces £280,900 pa (average £6.50 psf) with a reported net initial yield of 7.54% and a reversionary yield potential around 9.04%+. The tenant line-up includes strong national operators such as Jewson, City Plumbing Supplies, CEF, Rexel, Dingbro and Specialist Building Products, giving diversified income and letting security across multiple covenants.
Practical considerations include the site's location within a challenged local economy and an ageing urban community; the wider area records high deprivation levels. Tenure details are not provided and should be clarified. Broadband speeds are average and services are mixed; mobile signal is excellent. Detailed unit schedules, lease terms and service charge information are required to assess reversionary potential and capital value accurately.
This property suits investors seeking a high-yielding, asset-manageable industrial estate with immediate income and scope for rent growth through lease re-gearing or re-letting. Buyers should budget for standard estate maintenance, potential refurbishment between lettings, and confirm tenancy and title details before exchange.
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