Lot 1, The Harrow Inn, High Street, Galashiels, Selkirkshire, Scottish Borders, TD1 1SE

Lot 1, The Harrow Inn, High Street, Galashiels, Selkirkshire, Scottish Borders, TD1 1SE

Offers Over£95,000

A well-equipped former Coaching Inn situated in Galashiels town centre providing bar and restaurant facilities. Well positioned adjacent to £6.7m Great Tapestry of Scotland Visitor Centre. Five-bedroom Maisonette available by separate negotiation. Ref: GK5323/1

Former Coaching Inn
Galashiels town centre
Category C Listed
Exempt from Rates while vacant
Bar and restaurant facilities
May also suit Café/ Coffee Shop use
Well Equipped
Five bedroom Maisonette by separate negotiation
Adjacent to £6.7m Great Tapestry of Scotland Visitor Attraction
156.31 sq m (1,682 sq ft)
Site area 0.021 ha (0.05 acre)

This Opportunity is well positioned near the £6.7 million Great Tapestry of Scotland Development which is anticipated to generate an additional 50,000 visitors each year.

General Information
The Harrow Inn is situated in a prominent town centre position.

Galashiels has a population of approximately 14,000 and 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.

These 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 fifty five minutes, with departures every thirty minutes. On weekdays, the first train departs from Edinburgh at 05.45, last at 23.55.

The town features a wide range of high street and out of town retailing, restaurants, cafés and local amenities. There is 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 and close training links between Borders General Hospital and a number of Edinburgh Universities.

Lot 1:
The Harrow Inn is an historic Category C Listed Coaching Inn dating back to 1868. The property is well equipped and presents excellent potential to grow a successful business.

The fine late 19th century commercial bar interior survives dominated by central canted timber island bar with pilasters, carved half-fluted columns and dentilled frieze with balustrade, linked to intricate glazed timber dual entrance lobby. Other features include decorative arches; cast iron columns with floral capitals; timber panelling to dado level; and margined glazed doors.

The bar and restaurant has a combination of individual and fixed seating. There are entrances from High Street and Sime Place.

The accommodation is arranged over the ground and basement levels providing: Bar/restaurant area, ladies and gents wcs, store with access to food preparation area, kitchen, beer cellar, three stores and a loading room with delivery access onto Sime Place. There is space to accommodate off-street parking for a car or van.

Lot 2 (Available by separate Negotiation) – see separate listing:
A spacious self-contained five bedroom maisonette arranged over the two upper floor levels and set in the centre of town close to all local amenities.

The Maisonette has a separate ground floor access on Sime Place via a private door with an enclosed internal staircase

There are 2 spacious reception rooms and flexible accommodation allowing the owner many different options for internal use including possible HMO given the necessary consents by local authorities.
There are two bath/shower rooms and ample storage cupboards. It has single glazing, gas central heating and would benefit from renovation works giving the potential to add value.
The property would be an ideal investment/ buy to let opportunity.

The property has been to the following approximate areas:
Bar and Restaurant: 82.15 sq m (884 sq ft)
Kitchen: 32.72 sq m (325 sq ft)
Cellar/Store and WCs: 41.44 sq m (446 sq ft)
Total: 156.31 sq m (1,682 sq ft)

All Mains Service Connected.

Satellite and terrestrial TV connections with distributed aerial sockets and amplification. Installation not tested or warranted.

Energy Performance Certificate
Energy Performance Rating Band G

Lease Option
Available by way of a new lease.

Terms by negotiation.

Rateable Value
The current rateable value of the premises is £25,200.

On the basis of the Listed Status, the premises are exempt from rates while vacant. There will be an opportunity for any new occupier to appeal the current Rates assessment within six months of taking occupation.

On the conclusion of legal missives.

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

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

Value Added Tax
Any prices are exclusive of VAT. The property is understood to be elected to VAT which will be payable at the prevailing rate.

Satellite Navigation
For those with the use of Satellite Navigation the postcode for this property is TD1 1SE.

Fixtures and Fittings
Only items specifically mentioned in the particulars of sale are included in the price.

Strictly by appointment with the sole agents:
Edwin Thompson LLP, Chartered Surveyors
76 Overhaugh Street

Email: s.sanderson@edwin-thompson.co.uk
Email: a.young@edwin-thompson.co.uk

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Quick Summary

Price £95,000
Town/City Galashiels
Status Under Offer
Size (Acres)
Bathroom 2