71 Island Street, Galashiels TD1 1PA
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£1,563,000
Aug 2025
NorthCap have successfully sold the Heritable interest of this roadside property in Galashiels on behalf of a private client.
The two unit scheme was fully let to the strong covenants of Screwfix Direct Limited and Cubico (UK) Limited (t/a Easy Bathrooms) for a further 14 years to expiry (8 years to break).
The passing rent was £105,680 pa with Unit 2 having a fixed increase in 2029.
The property was acquired in July 2025 for £1,563,000 reflecting a NIY of 6.48%.
The purchaser, a private investor, was represented by Stevie Kay of Cuthbert White.
