Secure Yard / Re-Development Site

Bridgehaugh, South Bridge Street, Selkirk, Scottish Borders, TD7 5DR

Guide Price£125,000

Bridgehaugh is situated within the Riverside business area to the north western side of Selkirk, adjacent to the Ettrick Water.

Selkirk has a population of approximately 6,000 and is conveniently situated within the centre of the Scottish Borders with good road links to the main towns in the area and the national roads network via the A7 arterial route.

The town in located approximately 5 miles to the south of Galashiels, 11 miles to the north of Hawick, the two largest population bases within the Borders with populations of around 14,000 and 16,000 respectively.

The riverside area of Selkirk is now considered one of the regions principal commercial centres. It has recently benefitted from significant investment both private and public sector including Scottish Enterprise’s landmark refurbishment of Ettrick Riverside into a modern business facility but also your own development at Portland Buildings and nearby re-development projects at Tweed Mills, Riverside Mills and Gibson Buildings at Ettrick Park.
Existing Occupiers within the area include Scottish Borders Housing Association, Twist Studio Glass, Forestry Commission, Best Practice Occupational Health, Cademuir Tool Making, CPE Consultancy, and Ettrick Valley.

A relatively level site extending to approximately 4,044 sq m (1 acre) or thereby.

Bridgehaugh was re-developed in the 1990s for previous occupiers, Bridgehaugh Dye works. The buildings were subsequently destroyed by fire in 2011 but the site is well landscaped benefitting from a tarmacadam spine road and block  paved parking/yard areas.
Mains services are also understood to be available from the edge of the site.

The existing infrastructure provides a high degree of flexibility for a range of re-development proposals whether for a single user or multiple business units.
The site is bounded by secure fencing to the front and east and hedges to the rear.

Please note: There is a right of access through the Western end of the site in favour of the building to the west corner which is in separate ownership.

Rateable Value
The Rateable Value is currently assessed to £9,000 effective from 01-Apr-2017.

Under the small business rate relief scheme (SBRR) the premises may be eligible for up to 100% rates relief. Effective from 1 st April 2017 the threshold for 100% rates relief is understood to cover units with a rateable value of up to £15,000.

The site is zoned within the Scottish Borders Local Development Plan 2016 for retention of Business and Industrial Use within the Definition of the Town and Country (Use Classes) (Scotland) Order 1997 and this would support the following uses:

Class 4 (Business/Light Industrial use)
Class 5 (General Industrial)
Class 6 (Storage and Distribution)

Within mixed estates of this type there may also be scope for other uses including a range of sui generis (site specific) uses in keeping with the existing uses at the estate which may include veterinary surgeries; leisure; car dealerships; gym and fitness centres or similar.

Absolute Ownership

Offers should include: The identity of the purchasers; the price offered; source of funds; clear details of any conditions attached to the offer; proposed timescale for conclusion of missives, completion and payment.
Offers should be addressed to:

Chief Legal Officer
Scottish Borders Council
Council Headquarters
Newtown St Boswells

Value Added Tax
Any prices 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.

By appointment with the sole agents:
Edwin Thompson, Chartered Surveyors
76 Overhaugh Street
Tel. 01896 751300
Fax. 01896 758883

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    Quick Summary

    Price £125,000
    Status Sold STCM
    Size (Acres) 1.00