RETAIL UNIT - 45 Channel Street, Galashiels TD1 1BJ

Guide Rent  £5,000 per year


Quick Summary

Price £5,000 per year
City
Status Under Application
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Downloads


Contact

Galashiels Office
01896751300

General Information

45 Channel Street is situated in a prime position within Galashiels town centre.

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 self contained regular shaped ground floor retail unit within a two storey terraced building.

This is a single fronted unit with offset entrance door providing good window frontage to Channel Street. Internally, the unit is fitted out to a good standard.

The accommodation comprises:

Front shop, rear shop/office and wc.

Areas

The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following approximate areas:

 

Description Sq M Sq Ft
Net Internal Area 29.81 321
In terms of Zone A 26.56 286

Rateable Value

The Rating Revaluation 2017 is effective from 01-Apr-2017.

The proposed Rateable Value is £5,100.

Under the Small Business Bonus Scheme it is anticipated that the subjects will be eligible for up to 100% rates relief. Effective from 1st April 2017 the threshold for 100% rates relief is due to increase to cover units with a rateable value of up to £15,000 for the 2017/2018 financial year.

 Lease Terms

Available on flexible terms by way of a new Full Repairing and Insuring lease.

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 marketing agents of their interest as soon as possible. The sellers reserve the right to let the property privately and are not bound to accept the highest or indeed any offer.

 Rental

Guide Rent £5,000 per annum.

In the normal manner, the in-going tenant will be liable for any land and buildings transaction tax, registration dues and VAT thereon.

 Entry

On the conclusion of legal missives.

 VAT

Unless otherwise stated the prices quoted are exclusive of VAT.

 Legal Costs

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

 Viewing

By appointment with the sole agents.

Edwin Thompson, Chartered Surveyors

76 Overhaugh Street

Galashiels

Tel: 01896 751300

Fax: 01896 758883

 

E-mail: [email protected]

 

Self contained high quality retail unit

Prominent High Street trading position

High level of footfall and passing trade

Net internal floor area 29.81 (321 sq ft)

 

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