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Galabank Business Park

Wilderhaugh, Galashiels, TD1 1PR

£8,730,000


Lot 1: Enterprise House
MULTI- LET OFFICE
• Open plan multi-let office building
• Extending to 14,974 sq ft with 39 car parking spaces (1:383 sq ft)
• Suites from 2,500 sq ft to 5,018 sq ft
• Strong and …

Lot 1: Enterprise House
MULTI- LET OFFICE
• Open plan multi-let office building
• Extending to 14,974 sq ft with 39 car parking spaces (1:383 sq ft)
• Suites from 2,500 sq ft to 5,018 sq ft
• Strong and diverse tenant mix
• 1 vacant suite (vendor guarantee)
• WAULT of 2.78 to expiries (1.14 to breaks)
• Low passing rents
• Annual rent of £206,556 p.a. exclusive resulting in a low passing rent of only £13.79 per sq ft
• Lot 1: Offers in excess of £1,300,000 exclusive, reflecting a net initial yield of 15.00% and a capital rate of £87 per sq ft

Lot 2: Kyowa Kirin International
SINGLE LET HQ OFFICE
• Recently extended single let HQ office building
• Significant high quality tenant fit-out
• Extending to 33,859 sq ft with 170 car parking space (1:200 sq ft)
• Let to global pharmaceutical company Kyowa Kirin International PLC until March 2027 providing an unexpired term of approximately 7.58 years
• Globally Kyowa Kirin has over 7,000 employees with an annual turnover of £2.58 billion and an operating profit of £431 million.
• Annual rent of £446,250 p.a. exclusive reflecting a low passing rent of only £13.16 per sq ft
• Lot 2: Offers in excess of £4,653,000 exclusive, reflecting a net initial yield of 9.00% and a capital rate of £137 per sq ft

Lot 3: Galabank Trade Park
MULTI-LET TRADE PARK
• Modern multi-let trade counter with generous parking and yard space
• Situated in a prominent roadside location
• Total GIA of 43,088 sq ft
• 9 units, ranging in size from 3,621 sq ft to
16,820 sq ft
• Let to a variety of strong national tenants including Jewson, Dingbro, City Electrical Factors & City Plumbing Supplies
• WAULT of 8.09 to expiries (6.04 to breaks)
• Fully let with a total rent of £237,935 p.a. exclusive
• Rents range from £4.65 to £6.21 per sq ft
• Offers in excess of £2,795,000 exclusive, reflecting a net initial yield of 8.00% and a capital rate of £65 per sq ft
• Additional development site for trade counter use available through separate negotiation