Retail Unit

80-82 Channel Street, Galashiels, TD1 1BD

Rental offers in the region of  £20,000 per year


Quick Summary

Price £20,000 per year
City Galashiels
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Downloads


Contact

Galashiels Office
01896 751300

Location
The subjects are located in an excellent position  to the south of Channel Street the principal retail thoroughfare serving Galashiels and the central borders,

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.

Description
A two storey terraced retail unit situated within a parade of similar units.

There is a service access and communal tarmacadam car park to the rear – access to the parking 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. Shop frontage improvement grants may be available – further information available form Scottish Borders Council tel. 01835 824000.

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
Front Shop NIA 154.07 1,658
First Floor NIA 110.68 1,091
Total NIA 264.75 2,849

Rateable Value
The subjects are currently assessed to a Rateable Value of £37,800 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.

Services
Mains electricity, water and drainage is understood to be available.

Heating is by way of electric convector heaters.

Legal Costs
Each party will be responsible for their own legal costs in relation to this transaction.

Energy Performance Certificate
To be confirmed.

VAT
Any prices are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction

Viewings
Strictly by appointment with the sole agents:

Edwin Thompson LLP
Chartered Surveyors
76 Overhaugh Street
Galashiels
TD1 1DP

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

Regular shaped retail unit occupying prime town centre position
Net Internal Area 266.75 sq m (2,849 sq ft)
Modern display windows. Gross frontage 35 m
Extensive ancillary accommodation and storage to first floor
Car parking and delivery access to the rear
Benefits from Class 11 (Leisure) consent but would readily revert to retail use.

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