For Sale/ To Let - Town Centre Shop/ Office/ Restaurant/ Cafe

23-25 Bridge Street, Kelso, Scottish Borders, TD5 7HT

FOR SALE: Guide Price£119,500

Town Centre Shop
23-25 Bridge Street, Kelso, Scottish Borders. TD5 7HT

A prime town centre shop with excellent window frontage to Bridge Street. The unit benefits from a generous retail area having been amalgamated from two smaller units in the 1970s.

The shop was partially refurbished in the early 2000s and benefitted from damp treatment works to the rear storage areas around six years ago.

Net Internal Area: 131.84 sq m (1,419 sq ft)
Window Frontage: Approximately 7.01 metres (23 ft)

SALE: Guide Price £119,500
RENTAL: Guide Rent £11,000 per annum

Ref. GB5089

General Information
23-25 Bridge Street is situated to the south of Kelso town centre.

Kelso is a traditional market town with a relatively affluent catchment area providing a higher than average disposable income supporting a good range of independent retailers.

The town has a population of approximately 5,639 according to the 2011 Population Census, and acts as a local centre for a wide rural hinterland. The settlement is conveniently located within the Central Borders, approximately 18 east of Galashiels, 44 miles south of Edinburgh.

Kelso is an historic setting with a great many attractions within the town and surrounding area generating a high level of seasonal tourist trade.
Kelso is readily accessible with good road links to Edinburgh and Newcastle-upon-Tyne. There is a main line railway station approximately 25 miles east at Berwick-upon-Tweed and a new rail link between Tweedbank (14 miles west) and Edinburgh Waverley.

23-25 Bridge Street comprises the ground floor of a traditional mid 19th century terraced building on two principal storeys. The unit benefits from a prominent retail frontage to Bridge Street. As well as current Retail Use, the unit would also be well suited to a range of alternative uses such as office accommodation, studio, treatment rooms, gallery, coffee shop or similar, subject to obtaining all necessary consents.

Internally, the accommodation is well proportioned having been amalgamated from two separate shops in the early 1970’s. The shop was partially refurbished in the early 2000s and benefitted from damp treatment works to the rear storage area around six years ago.

The layout currently provides:

Spacious front shop with display frontage of approximately 23 ft; rear shop part sub-divided providing changing facilities and an office area; a linking lobby off the rear shop fitted with Belfast sink provides access to two stock rooms and a wc fitted with low flush unit and wash hand basin.

The walls of the retail area are internally dry lined incorporating an array of shop fittings. A separate communal access off Bridge Street provides scope for delivery access/fire escape and disabled access. There is a cellar area accessed via a trap door within the front shop.

The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following approximate area:

Net Internal Area 131.84 sq m (1,419 sq ft)

Mains electricity, water and drainage. This electric meters are housed within the cellar.

Rateable Value
The Rateable Value is currently assessed to £14,900 effective from 01-Apr-2017 following a successful appeal.

The Small Business Rates Relief Scheme provides rates relief to help small businesses in Scotland.  For the 2017/18 financial year upto  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.
Interested parties considering re-development proposals for the subjects are advised to discuss proposals with the Area Planning Officer of the Development and Regulatory Services Department of Scottish Borders Council.

Energy Performance Certificate
Assessed to Energy Performance Rating Band G.

Absolute Ownership

On conclusion of legal missives.

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.

The tenant/ purchaser will be responsible for any stamp duty, land tax, registration dues and VAT incurred thereon.

Strictly by appointment with the sole agents

Edwin Thompson LLP, Chartered Surveyors
76 Overhaugh Street,
TD1 1DP.

Tel: 01896 751300
Fax: 01896 758883

Guide Price £119,500 are invited.

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.

A closing date may be set for offers. Please note that only those parties who formally notify their interest will be informed of the closing date. Interested parties are advised to notify the selling agents of their interest as soon as possible. The sellers reserve the right to sell privately and are not bound to accept the highest or indeed any offer.

Guide Rent £11,000 per annum.

The unit is available on new full repairing and insuring lease.  Lease terms by negotiation.

A flexible in-house lease agreement may be available subject to status and agreement between the parties.

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    Quick Summary

    Price £119,500
    Town/City Kelso
    Status Sold
    Size (Acres)