The Clock Tower Bistro and Bar, 1 Abbey Place, Jedburgh

Guide Rent  £12,000


Quick Summary

Price £12,000
City
Status Under Application
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Contact

Galashiels Office
01896 751300

General Information

The subjects are situated in a prime location to the south of Jedburgh town centre.

Jedburgh is a traditional market town with a population of approximately 4,000. The town in steeped in history with a great many historic attractions including the 12th Century Augustinian Abbey, Jedburgh Jail and Museum, Mary Queen of Scots house. Its historic setting attracts a significant level of seasonal tourist trade. The town also benefits from a good range of shopping facilities with a blend of crafts, antique and artisan retail outlets.

Jedburgh is situated on the southern fringe of the Scottish Borders close to Jed Water a tributary of the River Teviot, approximately 10 miles to the north of the border with England and benefits from good road links to the principal Borders towns and a national road network via the A68 trunk road. Newcastle airport is approximately 52 miles south while Edinburgh airport lies around 54 miles north.

The Clock Tower Bistro and Bar is situated on Abbey Place. The north side of the street is predominately characterised by commercial uses at ground level with residential accommodation to above. These properties look out to the Abbey.   There is ample on street parking as well as a large off street car park nearby.

Description

The subjects comprise a Category C Listed early 19th century building occupying a prominent corner site.

Internally the building has recently been upgraded and is appointed to a high standard finished in a neutral colour scheme. The main dining area is timber panelled to dado height and benefits from ornate plaster cornicing providing considerable character. A wood-burning stove provides a homely feel.

The accommodation comprises:

Entrance lobby; principal dining area; bar area; bar; kitchen fitted with stainless steel units, stainless steel oven with 6 burner hob and commercial extractor hood, wash hand basin, dual basin sink unit; gents and ladies cubicles with wash hand basin.

Areas

The subjects have been measured in accordance with the International Property Measurement Standards to the following areas:

 

Description Sq m Sq ft
Dining Room 43.44 467
Bar and seating areas 25.59 275
Kitchen 11.33 122
Total 80.36 865

Rateable Value

The proposed rateable value effect from the 2017 rates revaluation which comes into effect on 01-Apr-17 is £14,400 per annum.

Under the Small Business Bonus Scheme, businesses with a combined rateable for all its business properties in Scotland of below £15,000 may be eligible for relief. If sub-divided the revised Rateable Values are likely to be below this threshold.

Lease Terms

By way of a new full repairing and insuring lease. Terms by negotiation.

VAT

All figures are quoted exclusive of VAT.

Viewings

Strictly by appointment with the sole letting agents:

Edwin Thompson LLP         Tel: 01896 751300

Email: [email protected]

 

Prominent corner site in town centre position

High levels of passing trade

Considerable flexibility for a range of uses

NIA 80.36 sq m (865 sq ft)

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