RETAIL UNIT

Town Centre Retail Unit

Potential for café of office use, subject to planning

Net Internal Area 172.63 sq m (1,857sq ft)

Service access and parking to rear

Accommodation: Retail Area, office/ kitchen, two wcs and store room

Introductory Incentives Available in lieu of tenant fitout

General Information

27 Channel Street is situated in a prime trading position to the centre of Channel Street, the principal retail area serving Galashiels and the Scottish Borders.

Galashiels, with a population of approximately 14,000 is one of the main towns in the Scottish Borders and is generally considered to be one of the principal administrative, retail and social centres for the region, effectively serving a population of in excess of 110,000.  The town also benefits from a significant student population with campuses of “ Heriot Watt University” and “Borders College” within the town.

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. 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.

Description

27 Channel Street comprises a ground floor retail unit which has until recently been occupied by Semi-Chem. The unit has excellent window frontage to Channel Street. Internally, the unit comprises a large retail space, office/ kitchen, two wcs and a rear store. To the rear there is a service access and parking.

The unit benefits from a good window frontage onto Channel Street. Established use of Class 1 (Retail), but subject to planning it would also suit café or office uses.

Areas

Services

Mains electricity, water and drainage.

Rateable Value

£18,600

Lease Terms

Available on flexible terms by way of a new Full Repairing and Insuring lease.

In the normal manner, the in-going tenant will be liable for any stamp duty, registration dues and VAT thereon.

Legal Costs

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

Entry

On the conclusion of legal documentation of the lease

VAT

Unless otherwise stated the prices quoted are exclusive of VAT.

Viewing

By appointment with the sole agents.

Edwin Thompson, Chartered Surveyors

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