44 Channel Street, Galashiels, Selkirkshire, Scottish Borders, TD1 1BA
Guide Rent£8,495 per year
Double fronted Unit
83.51 sq m (899 sq ft)
Front shop, rear shop, storage, Kitchen, WC
Prime position within the Regions principal retail area
Daikin Air Conditioning
Integrated Fire Alarm System.
44 Channel Street is situated in a north facing position towards the centre of Channel Street, the principal retail area serving Galashiels and the central Scottish Borders.
Galashiels is one of the largest town in the Scottish Borders. It is generally considered to be the principal administrative, social and retail centre for the region effectively serving a population in excess of 115,000. The settlement has a population of 15,123 according to the 2018 Mid-Year Population Estimate, an increase of around 5.3% over the population recorded in the 2001 Census.
There is a significant student population in the town with campuses of Heriot Watt University and Borders College. Borders General Hospital also has close training ties with a number of the Edinburgh universities.
Within recent years Galashiels has benefitted from considerable public and private investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre and significant transport infrastructure works including the Galashiels Inner Relief Road.
The Borders Railway link re-established passenger services between Edinburgh Waverley and the Central Borders in 2015. The journey time between Galashiels and Edinburgh city centre by train is approximately fifty five minutes with departures normally every thirty minutes, or so. Prior to restrictions on weekdays the first train departed from Galashiels at around 05:24 and the last train at 23:32.
No. 44 occupiers a central pitch. Nearby Occupiers include Symington Shoes, Santander, ‘Why Not’ Café, Delicatessen and gift shop, W H Smith, Savers and Post Office.
A double fronted ground floor unit with central access door to large retail area currently sub-divided with stud partition wall to provide front shop and rear shop. Door to west to ancillary accommodation currently providing Storage area, kitchen and wc. Rear door to small yard with delivery access via Overhaugh Street.
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 units. The Shop frontage has a granite fasica and trim to either side.
Internally, the unit has a modern fitout. The walls appear to have been stripped back to the original fabric, strapped and lined with skimmed plasterboard emulsion finishes. The front shop is fitted with a suspended ceiling with recessed sodium display lights and incorporates a Daikin Air Conditioning unit.
Net Internal Area: 83.51 sq m (899 sq ft)
In Terms of Zone A: 60.60 sq m (652 sq ft)
All mains services are available.
Daikin Air Conditioning – not tested.
Integrated Fire Alarm System.
Energy Performance Certificate
Available by way of a new lease.
Terms by negotiation.
The premises are assessed to a current Rateable Vale of £12,000
The Small Business Rates Relief Scheme provides rates relief to help small businesses in Scotland. For the 2020/ 2021 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 1BA
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