80-82 Channel Street, Galashiels, TD1 1BD
Guide Price £150,000 per year
|Price||£150,000 per year|
The subjects are located to the south of Channel Street in Galashiels town centre.
Galashiels has a population of circa 14,000 and is one of the main towns in the Scottish Borders. It is generally considered to be the administrative, retail and social centre for the region, effectively serving a population of in excess of 110,000.
The town benefits from a significant student population with campuses of Heriot Watt University and Borders College within the town. Redevelopment works have recently been completed in the town centre with the development of two supermarkets in the Gala Water Retail Park to the east and further investments proposed to the local transport infrastructure including re-opening of the railway link to Edinburgh in September.
The subjects comprise a two storey terraced unit situated within a parade of nine similar units believed to date to the 1960s.
At the back of the building there is a communal tarmacadam car park ﾖ access to this is currently limited by concrete bollards. These could be removed and replaced with hinged lockable parking posts to enable this area to be utilised more effectively.
The front elevation of the building is faced in reconstituted stone with protruding box windows at first floor level and recessed shop frontage accessible via an arched arcade. Consent has been obtained for the shop to be brought forward in line with the frontage of the properties to the west, but this has not yet been implemented.
The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following approximate areas:
Front Shop NIA 154.07 sq m 1,658 sq ft
First Floor NIA 110.68 sq m 1,091 sq ft
Total NIA 264.75 sq m 2,849 sq ft
Total ITZA 133.41 sq m 1,436 sq ft
The subjects are currently assessed to a Rateable Value of ﾣ37,800 effective from 01-Apr-2010
Rateable Value information is obtained from the Scottish Assessors website and whilst believed to be correct, this information has not been verified.
Further information in this regard can be obtained from the Business Rates Team at Scottish Borders Council.
Mains electricity, water and drainage is understood to be available.
Heating is by way of electric convector heaters.
Each party will be responsible for their own legal costs in relation to this transaction.
Energy Performance Certificate
To be confirmed.
Any prices are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction
Strictly by appointment with the sole agents:
Edwin Thompson LLP
76 Overhaugh Street
Tel: 01896 751300
Fax: 01896 758883
Email: [email protected]
ﾕ Attractive arcade frontage
ﾕ Large display windows
ﾕ First floor ancillary and storage areas
ﾕ Car parking and delivery access to the rear
ﾕ NIA 266.75 sq m (2,849 sq ft)