Bright Modern Office Retail/ Showroom Premises

231 Galashiels Road, Stow, Galashiels, Selkirkshire, Scottish Borders TD1 2RE

£7,500 per year

Description
Modern premises with prominent window frontage to the A7 (Galashiels Road) within the heart of Stow.

The building is understood to have been developed in around 2007 on the site of the former telephone exchange. It is of conventional timber frame construction with double fronted display windows to the front elevation incorporating glazed central access door.

Much of the front elevation has a rendered finish with sandstone quoins the other elevations have a painted timber panelled finish. Internally, the accommodation is currently configured to provide offices and a Sales Display Centre.

It is in excellent order throughout suited to office use or a wide range alternative uses which may include general retail, boutique or artisan retail or perhaps a coffee shop or tearoom, subject to obtaining the necessary consents.

Accommodation
Ground floor: Reception/waiting area (front shop), meeting room (back shop) with two storerooms off, kitchen, WC finished to accessible standard, boiler room.

First floor: Galleried meeting area; general office. Rear door providing access to steel emergency escape stair.

It is understood that the partition walling forming the reception, meeting room and storerooms off are non-structural so, could be removed to provide a larger open plan retail area, if desired.

Location
The subjects are situated in a prominent position fronting onto the A7 (Galashiels Road) to the centre of Stow.

Stow is a small village with a population of 700 according to the 2019 mid-year estimate provided by the National Records of Scotland. It is situated 7 miles north of Galashiels.

Stow thrived during the Industrial Revolution when it was a stop on the former Waverly line. It became a small centre of industry focussed on spinning and weaving. It now boasts a state-of-the-art primary school and is seeing something of a resurgence following reinstatement of the Borders Railway between Edinburgh Waverly and Tweedbank. The station is just 350 metres to the west with half hourly services at peak time and hourly services through the remainder of the day with the first service leaving Edinburgh at 06.21 arriving at stow at 07.06 and the last week day service leaving Edinburgh at 23.54 and arriving at stow at 00.40.

Planning
Planning Consent was obtained in 2014 for Class 1 (Retail/ Showroom). Established use of the first floor is Class 2 use which supports a wide range of Financial, Professional and Other services, which may include Solicitors, Accountants, Estate Agents, Beauticians, Nail Bar or a range of Beauty Treatments or Therapy Suites such as Physiotherapy, Chiropractor Care, Osteopathy, chiropodist, Dentist etc.

Areas
We have measured the property in accordance with the International Property Measurement Standards 3, to the following areas:

Ground Floor 47.41 sq m (510 sq ft)
First Floor 31.29 sq m (337 sq ft)
Total 78.70 sq m (847 sq ft)Energy Performance Certificate

Energy Performance Certificate
Energy Performance Asset Rating C63

Lease Terms
Available by way of a new FRI lease.

Terms by negotiation.

Rateable Value
£5,500 effective from 01-Apr-2017.

Small Business Rates Relief Scheme (SBRR) currently provides up to 100% rates relief (2020/ 2021) for units with a Rateable Value of £12,000 or less based on a combined total of all the occupier’s business premises within England and Wales (subject to application and eligibility).

Entry
On the conclusion of legal missives

Legal Costs
The tenant will be responsible for the Landlords reasonable costs in connection with the preparation of the lease agreement.

In the normal manner, the in-going tenant will be liable for any Land and Buildings Transaction Tax, registration dues and VAT incurred thereon, where applicable.

Value Added Tax
Any prices are exclusive of VAT. The property is understood to be elected to VAT, meaning that VAT will be payable on the rent.

However, any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.

Satellite Navigation
For those with the use of Satellite Navigation the postcode for this property is TD1 2RE

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: s.sanderson@edwin-thompson.co.uk

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01896 751300

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Quick Summary

Price £7,500 per year
Size (Acres)