OFFICE/ SHOP

81 High Street, GALASHIELS, Scottish Borders, TD1 1RZ

Fixed Price  £85,000


Quick Summary

Price £85,000
City Galashiels
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

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Contact

Galashiels Office
01896 751300

OFFICE/ SHOP, 81 High Street, GALASHIELS, Scottish Borders, TD1 1RZ Ref. N173

  • Highly Flexible Ground Floor Unit
  • Excellent Investment Opportunity, let on a 3 year lease to Life Skills Ltd at £8,500 per annum from 5.04.18
  • 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
  • New Boiler 2018

General Information
81 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.

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 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 cupboar.

Areas
The subjects have been measured in accordance with the Internal Property Measurement Standards 3 to 77.12 sq m (830 sq ft).

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 2017/18 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. 0845 3000341.

Occupational Leases

Tenure
Absolute Ownership

Entry
On conclusion of legal missives.

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

Offers
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.

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.

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
76 Overhaugh Street,
Galashiels.
TD1 1DP

Tel: 01896 751300
Fax: 01896 758883
Email: [email protected]

 

Highly Flexible Ground Floor Unit

Excellent Investment Opportunity, let on a 3 year lease to Life Skills Ltd at £8,500 per annum from 5.04.18. 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

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