RETAIL OPPORTUNITY

22 Bank Street, Galashiels TD1 1EN

Offers Over  £67,500


Quick Summary

Price £67,500
City
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Downloads


Contact

Galashiels Office
01896 751 300

General Information
The subjects are situated in a good trading position within Galashiels town centre which benefits from a high level of footfall and passing trade.

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. On weekdays the first train departs from Edinburgh at 0545, the last at 2355.

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 on Bank Street looking out onto Bank Street gardens with strong visibility from Bank Street and Bank Street Brae. The proposed £6.7 million Great Tapestry of Scotland Development on High Street is anticipated to generate 50,000 additional visitors to the area each year.

Description
22 Bank Street comprises a ground floor unit within a three storey terraced building with prominent display frontage to Bank Street.
The unit has been well maintained and is presented in good order whilst retaining its traditional façade. There will be a good level of footfall and visibility onto the A7.

On-street parking is available directly to the front of the unit.

Accommodation
The accommodation comprises:

The front elevation has a large full height display window to Bank Street with glazed entrance door off to the side. The unit is currently occupied as an Electrical shop, with office, store room, rear lobby and WC. To the rear of the unit there is a large workshop and yard. There is a right of access through the car park leading to Overhaugh Street.

Services
Mains electricity, gas, water and drainage.

Tenure
Absolute Ownership.

This property is sold subject to and with the benefit of all rights of way, whether public or private, and any existing or proposed wayleaves, servitude rights, restrictions and burdens of whatever kind, whether referred to in these particulars or not.

EPC
TBC

Value Added Tax
Unless otherwise stated the prices quoted are exclusive of VAT. Any intending tenants must satisfy themselves independently as to the instances of VAT in respect of any transaction.

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

In the normal manner, the in-going tenant will be liable for any land and buildings transaction tax, registration dues and VAT thereon.

Rateable Value
According to the Scottish Assessor’s Association Website this unit is assessed to a Rateable Value of £7,900 per annum effective from 01-Apr-2017.

Viewing
By appointment with the sole agents:

Edwin Thompson
76 Overhaugh Street
Galashiels
TD1 1DP

Tel. 01896 751300
Fax. 01896 758883

E-mail: [email protected]

An extremely well positioned retail opportunity within Galashiels town centre.

NIA 57.99 sq m (624 sq ft)
Sought after position
Prominent display frontage to Bank Street
Good decorative order

Lot 1: Shop Offers Over £67,500
Lot 2: Workshop/ Store Offers Over £15,000

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