2 Duke St | Galashiels TD1 1QA
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2 Duke St
Galashiels TD1 1QA
Office Property For Sale
Investment Highlights
- Located in the heart of Galashiels, Scottish Borders
- Offices/Development opportunity
- Redevelopment potential, subject to obtaining planning consents
Executive Summary
Internally, the subjects comprise open plan office accommodation over the ground & first floors, with additional open plan storage space within the attic. The subjects benefit from extensive glazing allowing for ample natural daylight throughout, along with 12 parking spaces to the rear. Part of the ground floor is let to Play Borders on a yearly rolling basis at a current passing rent of £4,000 per annum with expiry in July 2024. The subjects would be suitable for redevelopment subject to obtaining necessary planning consents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,723 SF
Building Class
B
Year Built
1960
Price
$308,985
Price Per SF
$46
Percent Leased
19%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,241 SF
Building FAR
2.69
Lot Size
0.06 AC
Parking
12 Spaces (1.78 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
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