The subjects comprise a traditional stone-built property surmounted by pitched slate roof, prominently positioned on Innerleithen’s High Street. The ground floor comprises a retail/commercial space with a large display window and a centrally positioned entrance, providing good visibility and accessibility.
Internally, the layout is open plan to the front, leading to a smaller office and WC compartment to the rear. Left upon entry is an additional room and further storage. Former walk in vault. The property further benefits from a disabled access ramp to the front.
Location
2 High Street is situated in the heart of Innerleithen, a charming town in the Scottish Borders, approximately 6 miles east of Peebles and 30 miles south of Edinburgh. The property occupies a prominent position on the town’s main thoroughfare, benefiting from good visibility and passing footfall.
Innerleithen is well known for its vibrant local community, independent shops, and outdoor attractions, particularly its strong association with mountain biking and outdoor tourism, given its proximity to Glentress and Traquair Forest. The town is well connected by road via the A72, providing easy access to Peebles, Galashiels, and Edinburgh.
The surrounding area offers a mix of residential, retail, and hospitality businesses, making it a desirable location for a range of commercial uses.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a Net Internal Basis as follows:
Ground Floor - 103.86 sq m (1,118 sq ft)
Terms
SERVICES: We understand that the property benefits from electrical, gas, water and mains drainage services.
SALE TERMS: Our client is seeking offers over £160,000 for the outright purchase of their heritable interest in the subjects.
LEASE TERMS: Our client is seeking offers over £15,500 per annum for a new Full Repairing and Insuring lease, for a term to be agreed.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
NON-DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £9,600 per annum.
PROPOSAL: Any proposals to purchase should be sent directly to the sole selling/letting agents.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred any this transaction.
Specification
- Former bank premises, suitable for alternative uses (STP)
- Prominent position on the High Street in the affluent village of Innerleithen
- Located in an attractive Borders town popular with outdoor pursuits
- Offers over £160,000 (exclusive of VAT)