Ground Floor Retail Unit

55 High Street, Coldstream, Scottish Borders TD12 4DL

Offers Over  £30,000 per year


Quick Summary

Price £30,000 per year
City
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Downloads


Contact

Galashiels Office
01896751300

General Information
The subjects are within the Scottish Borders town of Coldstream in the county of
Berwickshire.

Coldstream is situated on the Scottish side of the border with England at the junction of the A698, A697 and A6112 primary roads.

The settlement has a population of 1946 according to the 2011 Population Census, an
increase of around 7% over the population recorded in 2001.

The town has a good range of local amenities. Berwick-upon-Tweed (population of 14,000 approximately) 12 miles to the north east provides a larger range of services and facilities and provides access to the East Coast Rail Network.

Description
A Self-contained ground floor unit within this Category C listed 19th century terraced
tenement on two storeys plus attic level.

The property is of traditional construction with front elevation finished in painted ashlar to the ground floor level, coursed rubble stone to the first-floor level incorporating narrow arched window openings.

The building is symmetrical with a pair of retail units to ground level with central double leaf panelled door providing access to the residential accommodation on the upper floors. The building has a parapet wall to the front elevation with gutter behind. The roof is of pitched design clad in slate incorporating two dormer window projects to the front elevation.

The subjects comprise a double fronted shop unit to the left of the ground floor. The unit is currently fitted out for use as a hair salon. Internal walls are part pine panelled, part lined and plastered. The display windows comprise single glazed hardwood framed units. There is upvc double glazed window to the rear.

Rainwater goods are predominately of a cast iron specification with a parapet gutter to the front elevation.

The accommodation comprises:

Front shop
Rear Store
WC.

Areas
The subjects have been measured in accordance with the RISC Code of Measuring Practice to a net internal area of 40.11 sq m (432 sq ft).

Planning
The subjects are Category C listed and are within the towns Conservation Area.
Established Use: Class 1 (Retail)

Tenancy Information
The shop was let on a full repairing and insuring lease for a term of three years from 01 June 2006 at a current passing rent of £3,000 per annum., currently occupied on Tacit Relocation (one year at a time).

Rateable Value
The subjects are assessed to a Rateable Value of £4,350 effective from 01-April-2017.

Services
Mains electricity, water and drainage are understood to be connected. No fixed
heating.

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.

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

Offers
A closing date may be set for offers. Please note that only those parties who formally
notify their interest will be informed of the closing date. Interested parties are
advised to notify the selling agents of their interest as soon as possible. The sellers
reserve the right to sell privately and are not bound to accept the highest or indeed
any offer.

• Offers should include:
• The identity of the purchasers;
• The price offered; source of funds;
• Clear details of any conditions attached to the offer;
• Proposed timescale for conclusion of missives, completion and payment

Value Added Tax
Any prices are exclusive of VAT. The subjects do not appear to be elected to VAT.
However, any intending purchasers must satisfy themselves independently as
to the instances of VAT in respect of any transaction.

Viewing
By appointment with the sole agents:

Edwin Thompson, Chartered Surveyors
76 Overhaugh Street
Galashiels
TD1 1DP

Tel. 01896 751300
Fax. 01896 758883
E-mail: [email protected]

 

Investment/ Shop: Double fronted ground floor shop unit.

• Currently let as a hair salon
• 40.11 sq m (432 sq ft) or thereby
• Prominent town centre position
• Current passing rent £3,000 per annum
• Excellent return of 10% per annum before costs

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