HIGHLY VERSATILE UNIT, 95 High Street, Galashiels, TD1 1RZ

HIGHLY VERSATILE UNIT, 95 High Street, Galashiels, TD1 1RZ

Guide Rent  £9,000 per year


Quick Summary

Price £9,000 per year
City Galashiels
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

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Contact

Galashiels Office
01896 751 300

Location
95 High Street is located in a prominent trading position close to Galashiels town centre.

Galashiels is one of the principal towns in the Scottish Borders and is generally considered to be the administrative and retail centre for the region, effectively serving a population of in excess of 110,000.  It is home to the fashion, textile and design school of Heriot Watt University and a Borders College campus, as such the town also has a significant student population.

Significant investment has recently been made within the town centre with re-development works to the streetscape and transport infrastructure works including the Galashiels inner relief road the Borders Railway link re-establishing 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. Further details on the Borders railway are available at http://www.bordersrailway.co.uk.

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

Description
A well positioned licenced restaurant with modern fitout and fully equipped commercial kitchen providing capacity for approximately 50 covers.

The unit is single storey with prominent frontage on to the High Street.

In addition to restaurant / café use the unit would also appear well suited to a wide range of alternative uses which may include Retail, Office, Salon, Treatment Rooms, Beauty Therapy etc.

Accommodation
The unit has a modern fitout providing split level dining area; Bar; kitchen; office; ladies and gents wcs; boiler room; staff area including ladies and gents WCs.

Licence
The subjects are understood to have a Premises Licence under the Licencing (Scotland) Act 2005 with capacity of 310.

Area
The subjects have been measured to an approximate area of 232.34 sq m(2,500 sq ft). E & oe -measurements from file.

Rateable Value
The property is currently assessed to a Rateable Value of £19,100 per annum effective from 01 April 2017.

Rental
Available by way of a 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.

VAT
Any prices are exclusive of Value Added Tax. This property is elected to Value Added Tax which will be payable on the rent at the prevailing rate.

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 land and buildings transaction tax, registration dues and VAT incurred thereon, where applicable.

Viewings
Strictly by appointment. E-mail: [email protected]

Currently fully equipped as a Restaurant/ Diner
Also suited to range of alternative uses including Retail, Office, Salon, Treatment rooms
Accommodation: Split level Dining Area; Bar; Kitchen; Office; Staff Room; Ladies, Gents and Staff WCs
Approximate floor area: 232.43 sq m (2,500 sq ft)
Good town centre position with strong visibility to passing traffic and footfall.
Near £6.7m Tapestry of Scotland Project with projected 50,000 + increase visitors to the area.

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