9 Market Square, Melrose, Scottish Borders TD6 9PQ

Rental Offers Over£11,250 per year

General Information
This shop is situated in a prominent position on Market Square within Melrose town centre.

Melrose is an historic town with a population of 2,307 according to the 2011 population census. It is an attractive town located in the central borders, approximately 4.5 miles east of Galashiels. The settlement has a relatively affluent catchment and benefits from a significant level of seasonal tourist trade. It benefits from all local amenities and has a good range of independent shops and restaurants.

It is conveniently located for access to the other towns in the central borders with good connectivity to the national roads network via the A68 trunk road and the A7 arterial route. The southern terminus of the newly re-established borders railway linking the central border to Edinburgh is at Tweedbank station approximately 1.5 miles west.

9 Market Square comprises a ground floor unit within a two storey terraced building with prominent display frontage to the Square.

The unit has been well maintained and is presented in excellent decorative order whilst retaining its traditional façade. There will be a good level of footfall.

On-street parking is available directly to the front of the unit.

The accommodation comprises:

The front elevation has a double fronted window display to Market Square with glazed entrance door to the middle. The unit is currently occupied as an book shop, with office/staff room, store room, rear lobby and WC.

Mains electricity, gas, water and drainage.

Rateable Value
The current rateable value of the premises is £9,100 per annum. The proposed rateable value following the 2017 Rates Revaluation effective from 01-Apr-2017 is £9,300.

The small business rate relief scheme (SBRR) currently provides 100% rates relief for units with a rateable value of £10,000 or less based on a combined total of all the occupiers business premises within Scotland (subject to application and eligibility). The threshold for 100% rates relief is expected to increase to cover units with a rateable value of up to £15,000 effective from 1st April 2017 when the 2017 rates revaluation comes into effect.

Energy Performance Certificate
Energy Performance Rating: Band to be confirmed

Lease Terms
Available by way of a new lease. This will effectively be on FRI terms.

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

By mutual agreement.

Unless otherwise stated the prices quoted are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.

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.

By appointment with the sole agents:

Edwin Thompson LLP
76 Overhaugh Street

Tel. 01896 751300

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Quick Summary

Price £11,250 per year
Town/City Melrose
Status Now Let
Size (Acres)