Shop/ Office/ Treatment, Beauty or Therapy Suite

68 Channel Street, GALASHIELS, Scottish Borders, TD1 1BA

Guide Rent £6,950 per year

General Information
68 Channel Street is situated in a prime position within Galashiels town centre.

Galashiels with a population of approximately 14,000 is one of the principal towns in the Scottish Borders.  It 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.  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 features a wide range of High street and out of town retailing, restaurants, cafes and local amenities.  There is also 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.

A self-contained regular shaped ground floor retail unit with modern double fronted façade to Channel Street.

Accommodation: Retail Unit (68 Channel Street): A good-sized front retail unit with kitchen/ tea preparation area and accessible WC.

60.48 sq m (651 sq ft)

Rateable Value
To be Assessed on Completion of the Conversion works. It is anticipated that both units will be eligible for 100% rates relief subject to application and eligibility.

*The Small Business Bonus Scheme provides rates relief to help small businesses in Scotland. Where a business’s combined (all business premises in Scotland) rateable value is £15,000 or less up to 100% relief is available subject to eligibility (Current 2018/19). Further details are available from the Business Rates Team of Scottish Borders Council.

Energy Performance Rating
To be Assessed on Completion of the Conversion works.

Lease Terms
Available by way of a new Full Repairing and Insuring lease. Terms by negotiation.

On the conclusion of legal missives.

Value Added Tax
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.

Strictly by appointment with the sole agents Edwin Thompson LLP
T: 01896 751300 F: 01896 758883

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Quick Summary

Price £6,950 per year
Town/City Galashiels
Status Now Let
Size (Acres)