85 Channel Street, Galashiels, Scottish Borders TD1 1BN
Guide Rent£7,500 per year
85 Channel Street is situated in a south facing position towards the eastern end 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 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.
A single fronted town centre retail unit with recessed offset entrance door, occupying the ground floor of a two storey plus attic level end-terraced building.
The building is of traditional construction with an ashlar finish to the front elevation under a pitched roof clad in slate. Rainwater goods comprise of cast iron wall head gutters and replacement PVC downpipes. The unit has an appealing tiled façade.
Internally, the unit has been modernised and is presented in good order. The walls have been stripped back to the original fabric, strapped and lined with skimmed plasterboard emulsion finishes.
The accommodation has been sub-divided to provide front shop, meeting room, rear office, tea preparation area with WC complete with low flush unit and wash hand basin off and emergency escape door to the rear. The front shop and meeting room are finished with a suspended ceiling complete with recessed LG3/LG7 lighting units.
The currently has a Net Internal Area of 51.13 sq m (550 sq ft).
All mains services are available.
Toshiba Air Conditioning unit.
Integrated Fire Alarm System.
Energy Performance Certificate
Available by way of a new lease.
Terms by negotiation.
The current rateable value of the premises is £9,100.
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.
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 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.
For those with the use of Satellite Navigation the postcode for this property is TD1 1BN.
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