Buckholm Mill, Buckholm Mill Brae, Galashiels. TD1 2HB

Buckholm Mill, Buckholm Mill Brae,

Offers over  £90,000


Quick Summary

Price £90,000
City Galashiels. TD1 2HB
Status Sold STCM
Size (Acres) 1.86
Beds
Bathroom
Garden
Parking Spaces
Period

Contact

Galashiels Office
01896 751300

**CLOSING DATE SET 12 NOON 8TH JUNE 2017**

Location

The property is situated at Buckholm Mill to the north west of Galashiels.

Galashiels with a population of approximately 14,000 is one of the principal towns in the Scottish Borders. It is generally considered to be the main administrative, retail and social centre for the region, effectively serving a population of in excess of 110,000.

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.

 Description

A traditional two storey building originally understood to have been constructed by Henry Sanderson in the mid-19thcentury forming part of the Buckholm Mill complex. Buckholm Mill was reported to be the first mill in Galashiels to be illuminated by electricity with works completed by Edison & Co of New York in 1884.

In more recent years, the subjects have been converted into offices, most recently occupied by ProStrakan Pharmaceuticals. The property is considered to offer scope for retention of office based uses, sub-division to smaller suites or potential for residential redevelopment subject to obtaining all the necessary consents.

The site extends to approximately 1.86 acres or thereby including a secure tarmacadam surfaced yard/car park to the west which extends to approximately 0.21 acres or thereby. To the north and east there are areas of wooded amenity land.

The specification includes:

> Strip lighting to first floor

> Suspended ceilings with recessed louvre lighting to ground floor

> Gas central heating to first floor

> Electric convector heaters to ground floor

> On-site parking extending to in excess of 0.20 acres

> CAT 5 cabling

> Carpeting throughout

 Accommodation

The present layout currently provides:

Ground Floor:                      General office, meeting room, board room, 9 further offices, kitchen/staff room areas.

First Floor:                           Entrance hall, reception, 12 offices, meeting hall, store room.

Potential for the ground floor and first floor to be let as separate suites.

Areas

Floor Sq m Sq Ft
Ground 488.59 5.27
First 380.76 4,097

Rateable Value

The rateable value has been assessed to £38,500 effective from 1 April 2017.

Services

All mains services are understood to be connected.

Existing Leases

The secure yard/car park is currently let to S & I Thomson, the salient details of the lease are:

  • Lease term 1 May 2006 to 31 July 2006 and monthly thereafter.
  • Rent £100 per calendar month plus VAT.
  • Rent reviews on a three yearly basis.
  • Termination by either party serving one month’s written notice.
  • Access to the site solely from S & I Thomson’s yard to the west (for the purposes of this lease only).

Tenure

Absolute Ownership.

Price

Offers over £90,000

All offers should be addressed to:

Chief Legal Officer

Scottish Borders Council

Council Headquarters

Newtown St Boswells

Melrose

TD6 OSA

Fax: 01835 826693

A copy of the offer should also be faxed to  01896 758883.

Offers should include:

The identity of the purchasers; the price offered; 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.

Planning

Interested parties are advised to discuss proposals with the Development Negotiator at Scottish Borders Council, with regards to development contributions that may apply from any proposed change of use, prior to submitting an offer.

VAT

Any prices quoted are exclusive of VAT.

Energy Performance Certificate (EPC)

The subjects have been assessed to a Band G Energy Efficiency rating.

Viewing

Strictly by appointment with the sole agents.

Edwin Thompson LLP                                       Tel: 01896 751300

Chartered Surveyors                                         Fax: 01896 758883

76 Overhaugh Street                                        Email: [email protected]

Galashiels

TD1 1DP

**CLOSING DATE SET 12 NOON 8TH JUNE 2017**

A two storey traditional former mill building believed to date to around 1846 sub-divided to provide offices -previously occupied by ProStrakan Pharmaceuticals.

The property is considered to offer scope for retention of office based uses, sub-division to smaller suites or potential for residential redevelopment subject to obtaining all the necessary consents.

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