High Street, GALASHIELS

Description

Highly Flexible Ground Floor Unit

Ideally suited to wide variety of office or retail uses

Accommodation: General Office (front shop), three further offices and kitchen area. WC, small cloakroom and storage cupboards

IPMS 3: 77.12 sq m (830 sq ft)

Prominent position with strong visibility to passing traffic and footfall

Parking for 2 cars

Rental Offers Over £8,500 per annum Ref. N173

Location

Galashiels, once famous for its textiles, is now one of the largest towns in the Scottish Borders having a population of approximately 14,000. Its central location in the Borders means Galashiels is generally considered to be the principal administrative, retail and social centre for the region, effectively serving a population in excess of 110,000. The town also benefits from a significant student population with campus’s of the Heriot Watt University and Borders College within the town.

In recent years Galashiels has been subject to considerable investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre and significant transport infrastructure works. The infrastructure works have included the Galashiels inner relief road and, the Borders Railway link which has re-established passenger services between Edinburgh Waverley and the Central Borders. The journey time from Galashiels to Edinburgh city centre is approximately 55 minutes, with departures every 30 minutes.

The town features a wide range of High street and out of town retailing, restaurants, cafes and local amenities. There is also a significant student population, as home to the Heriot Watt University School of Textiles and Design as well as having a campus of Borders College.

This Opportunity is well positioned to capitalise on the £6.7 million Great Tapestry of Scotland Development which is anticipated to generate an additional 50,000 visitors each year.

Description

81 High Street comprises the ground floor of a terraced Grade C listed building. The subjects form part of well-detailed well proportioned three storey Baronial styled tenement which incorporates a corner turret designed by A G Sydney Mitchell, a prominent and well respected Edinburgh Architect. The tenement was built as the extension to the adjacent David Rhind Commercial Bank as Sydney Mitchell had become the official architect to the commercial Bank on the death of Mr Rhind.

Accommodation

The accommodation is well appointed providing:

General office/ front shop; three further offices (one open plan to kitchen area);

rear lobby with external door to car park to the rear; WC; storage cupboard.

Areas

The property has been measured in accordance with the RICS Code of Measuring Practice to provide the following approximate areas:

Gross Internal Area: 77.12sq m / 830sq ft

E & or Measurements taken using a laser measurement device.

Rateable Value
The property is currently assessed to a Rateable Value of £8,300 per annum effective from 01 April 2017.

The Small Business Rates Relief Scheme provides rates relief to help small businesses in Scotland. For the 2019/20 financial year upto 100% rates relief is available for business with a combined rateable value (of all business premises in Scotland) with a Rateable Value of £15,000 or less subject to application and eligibility. Further details are available from the Business Rates Team at Scottish Borders Council. Tel. .

Rental
Available on new full repairing and insuring lease. Lease terms by negotiation.

Flexible in-house lease agreement may be available subject to status and agreement between the parties.

Legal Costs
Each party will be responsible for their own legal costs incurred in relation to this transaction.

In the normal manner, the in-going tenant will be liable for any stamp duty, land tax, registration dues and VAT incurred thereon, where applicable.

Viewings
Strictly by appointment with the sole agent, Edwin Thompson LLP, Chartered Surveyors