Asset Type: Retail Warehouse
B&Q, Low Buckholmside, Galashiels, TD1 1PD
Galashiels, located in the Scottish Borders, is a major commercial centre and central communication point for the Scottish Borders. The town lies on the Gala Water and is located approximately 32 miles south of Edinburgh, 76 miles south east of Glasgow and 60 miles north of Carlisle. Galashiels has a population of approximately 15,000 and is the main shopping destination in the Scottish Borders, located approximately 5 miles from Melrose, 6 miles from Selkirk and 18 miles from Pebbles, Hawick and Jedburgh.
The total population within the Galashiels primary catchment area is 33,459. The highest proportion of the catchment population is made up of economically active older adults, followed by adults and elderly population age groups. Galashiels is projected to see growth in its primary catchment population of 1.3% over the coming five years alongside 1.9% proposed growth in household size over the same timeframe.
Galashiels benefits from excellent transport links and a strategic position at the heart of the Scottish Borders’ transport network.
The A7 passes through Galashiels with direct access to A72 at the northern end of the town. The Borders Railway, which opened in 2015, provides regular direct services between Galashiels and Edinburgh city centre in under an hour.
The subject property is located in the heart of Galashiels to the north west of the town centre, directly south of Low Buckholmside, and is accessed from the A72 (Wilderhaugh Street / Island Street) via Hunter’s Bridge Road. The site is approximately 0.3 miles from the High Street and 0.5 miles from the town’s train station. Adjacent occupiers (outwith the ownership) include Halfords, Sports Direct and TK Maxx. The nearby Asda and Tesco superstores, understood to attract 75% of convenience spend in the region (Scottish Borders Council), are approximately 1 mile away.
The subject property comprises a modern detached retail warehouse, constructed in 1989. Extending to 31,062 sq ft, with an adjacent garden centre (south west), the property occupies a site of 2.16 acres that also includes a 90 space car park provided to the south and east elevations of the property. There is a secure, concrete service yard area to the western elevation with. Internally the property is fitted out to the standard B&Q specification. There is also a two storey amenity block.