Lot 19 54-56 Channel Street, Galashiels, TD1 1BA

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Property Enquiries

Oliver Childs

oliver.childs@bidx1.com
+44 (0) 7732 681 150

Viewing Registration / Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Claire Hawthorne

claire.hawthorne@burnesspaull.com
+44 (0) 141 248 4933
Description
Map
Viewings

Addendum
Completion shall be 30 working days from exchange of contracts
Property Summary
  • By order of the Trustees
  • Heritable retail building
  • 319.00 sq m (3,434 sq ft)
  • Vacant possession
Tenure

Heritable

Location

Galashiels is an established Borders town located approximately 33 miles south-east of Edinburgh and situated on the A7 trunk road which is one of the main vehicular routes that leads a high volume of traffic south of Edinburgh towards Hawick and the English/Scottish border. Channel Street is situated within the centre of the main retailing area of Galashiels within a mixed use area.  Nearby occupiers include EE Mobile, Nationwide, Specsavers and H Samuel. 

Description

The property comprises a lock-up shop unit arranged over the ground and first floor of a two storey mid-terraced building. Internally the ground floor is arranged as an extensive front sales area, rear storage and office space with further offices and toilet facilities on the first floor.
 

VAT
Please refer to Legal Documents
Property Table
UnitFloorAccommodation
Total 319.00 sq m (3,434 sq ft)
54-56 Channel StreetGround
First
200.00 sq m (2,153 sq ft)
119.00 sq m (1,281 sq ft)

The measurements have been provided by the Seller.

 


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,000 (exclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount of £4,500 from all bidders. This participation amount is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee of £1,000 inc. VAT payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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