38 Channel Street, Galashiels, Scottish Borders. TD1 1BA
£10,000 per year
Prominent High Street Trading Position
High levels of footfall and passing trade
Well suited to restaurant, office or retail uses
Net Internal floor area 423.37 sq m (4,557 sq ft)
Prominent High Street unit, occupying a strong trading position with excellent footfall in a prime central position within the main retail area of Galashiels.
Galashiels with a population of approximately 14,000 is one of the largest towns in the Scottish Borders and is generally considered to be the principal, administrative, social and retail centre for the region, effectively serving a population of in excess of 110,000.
In recent years Galashiels has benefitted from 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. The 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 55 minutes, with departures every 30 minutes. On weekdays the first train departs from Edinburgh at 0545, the last at 2355.
The town also benefits from a significant student population with the campuses of Heriot Watt University and Borders College within the town as well as a campus of Napier University at Borders General Hospital.
An adaptable first floor unit, well suited to a multitude of retail, office, and leisure uses, subject to obtaining all necessary consents. Good window frontage to Channel Street
There is a delivery access to the rear via Overhaugh Street.
The accommodation currently comprises:
Ground Floor: Entrance with stairs to first floor level.
First Floor: large open plan retail area, back shop, two storage rooms, kitchen, ladies and gents WCs.
The subjects have been measured in accordance with the RICS Code of Measuring Practice to provide a net internal floor area of 423.37 m2 (4557.12 sq ft)
According to the Scottish Assessor’s Association Website the units are assessed to a Rateable Value of £17,700 effective from 01-Apr-15.
Suites are available on flexible terms by way of new full repairing and insuring leases.
Each party will be responsible for their own legal costs incurred in the transaction.
In the normal manner, the in-going tenant will be liable for any Land and Buildings Transaction Tax, Registration Dues and VAT thereon.
On conclusion of legal missives.
All figures are quoted exclusive of VAT, which will be payable at the prevailing rate.