The subjects comprise a ground floor and first floor retail/office unit as part of a two storey brick built premises, with a rough cast render to first floor level and being surmounted by a pitched and slated roof.
The unit benefits from a large recessed display window which is of a single glazed and timber framed nature offering good visibility, with access taken through a timber framed and glazed entrance door to the left hand side of the unit. The property also benefits from roller shutters for security purposes.
Internally the property is in a good condition comprising an open plan sales area to the front with a rear office and further ancillary storage accommodation. There is also a w/c facility.
The first floor provides further open plan space which has been utilised previously for office space.
Location
Galashiels is situated off the A7 amidst the picturesque Borders countryside and lies approximately 18 miles from Peebles, 40 miles south of Edinburgh, 58 miles north of Carlisle.
The town is located in the centre of the Scottish Borders with a population of approximately 110,000 persons and is the principal commercial and administrative hub for the area.
There are good local amenities to include shopping, schooling and leisure facilities. Galashiels has campuses in the town for the Borders College and Heriot Watt University. The Great Tapestry of Scotland Centre museum has recently opened in the town centre and adds to the existing tourist attractions in the area.
Market Street is located in the centre of Galashiels linking with Channel St to the north side, one of the town’s main retailing hubs. It is also a short walk away from the retail park where the likes of Tesco, Marks and Spencer’s, Next are all located.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:
Ground Floor: 52.40 sq m (564 sq ft)
First floor: 32.99 sq m (355 sq ft)
Total: 85.39 sq m (919 sq ft)
Terms
RATEABLE VALUE: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £8,300 per annum.
It should be noted under the terms of the Small Business Bonus Scheme, the property maybe eligible for 100% rates relief.
LEASE TERMS: The subjects are available by way of a new Full Repairing and Insuring lease for a negotiable period at offers over £12,000 per annum.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
VAT: All prices quoted are exclusive of VAT which maybe chargeable.
LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction.
Specification
- Prominent Retail/office unit within heart of Galashiels Town centre
- Suitable for a variety of uses (STP)
- Occupiers could benefit from 100% rates relief in line with small business bonus scheme
- NIA: 85.39 sqm (919sqft)
- Offers over £12,000 per annum