150 St Andrew Street, Galashiels
150 St Andrew Street
150 St Andrews Street is situated in a good trading position on the corner of St Andrews Street, Balmoral Place and Gala Park to the west of Galashiels town centre.
There is strong footfall adjacent to the premises with Burgh Primary School and Galashiels Academy within close proximity. Other commercial units in the area include a Co-Op Grocery Store, a Post Office, Studio Hair Salon and an Antique Clock Repairer.
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.
150 St Andrew Street comprises the ground floor of a traditionally constructed three storey corner terrace building. The offices are presented in good decorative order throughout. The premises have been sub-divided to form office accommodation with a reception office, three further offices, a kitchen and WC. The offices are fitted with computer networking, telephone and electrical trunking.
It is well suited to both office and retail uses.
Total NIA 31.84 343 sq ft
Mains electricity, drainage and water. Electric Heating.
The current rateable value of the premises is £3,050 per annum.
The small business rate relief scheme (SBRR) currently provides 100% rates relief for units with a rateable value of £15,000 or less based on a combined total of all the occupiers business premises within Scotland (subject to application and eligibility).
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.
Each party will be responsible for their own legal costs incurred in connection with this transaction.
By appointment with the sole agents: Edwin Thompson LLP
Versatile premises occupying a corner site with prominent window frontage onto St Andrew Street and Balmoral Place.
Good trading position near Burgh Primary School
Strong levels of passing trade and footfall
Floor Area 31.84 sq m (343 sq ft)
Good window frontage
INVESTMENT POTENTIAL: Currently let at £4,200 per annum