Property overview

71 Island Street, Galashiels TD1 1PA

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• 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)
• Seeking offers in the region of £1,593,000
• Attractive net initial yield of 6.25% after standard purchaser’s costs of 6.11%
• Minimum guaranteed reversion of 6.61% in 2029, excluding any uplift from the Unit 2 (Screwfix) open market rent review in 2027