Modern Retail Unit

90 Channel Street, Galashiels, Roxburghshire, TD1 1BD

Asking Price£7,000 per year

90 Channel Street is situated to the south of Channel Street, the principal retail area serving Galashiels and the central Scottish Borders.

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 also 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 links between Borders General Hospital and Napier University.

A modern retail unit .

The unit provides accommodation on two levels with delivery access to the rear.

The premises are part single storey, part two storey of brick construction with pitched roof clad in slate to front section and a single storey to the rear with flat roof/walkway access via concrete access stair from Overhaugh Street. To the rear there is a communal tarmacadam car park and delivery access.

The front elevation is faced in reconstituted stone with protruding box windows at first floor level.

Ground Floor: Front shop with under stair cupboard, rear lobby/store; wc with low flush unit and wash hand basin. Rear door with delivery access from the car park to the South. External store/meter cupboard.

First Floor: Landing, stock room, kitchen, manager’s office, WC, small office, doors to external balcony/walkway communal with the other units.

Energy Performance Certificate
EPC rating—G

Lease Terms
Available by way of a new lease.

Terms by negotiation.

Rateable Value
£8,400 effective from 01-Apr-2017.

The Small Business Rates Relief Scheme provides rates relief to help small businesses in Scotland. For the 2019/2020 year up to 100% rates relief is available for business with a combined rateable value (of all business premises in Scotland) with a Rateable Value of £15,000 or less subject to application and eligibility. Further details are available from the Business Rates Team at Scottish Borders Council. Tel. 0845 3000341.

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 stamp duty, land tax, registration dues and VAT incurred thereon, where applicable.

Value Added Tax
Any prices are exclusive of VAT.

The property is not understood to be elected to VAT. 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 1BD

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
Tel: 01896 751300
Fax: 01896 758883

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Quick Summary

Price £7,000 per year
Town/City Galashiels
Status New
Size (Acres)