RETAIL/ SALON/ OFFICE OPPORTUNITY
44 High Street, Galashiels TD1 1SE
Guide Rent £10,000 per year
|Price||£10,000 per year|
01896 751 300
44 High Street is located in a prominent trading position close to Galashiels town centre.
Galashiels is one of the principal towns in the Scottish Borders and is generally considered to be the administrative and retail centre for the region, effectively serving a population of in excess of 110,000. It is home to the fashion, textile and design school of Heriot Watt University and a Borders College campus, as such the town also has a significant student population.
Significant investment has recently been made within the town centre with re-development works to the road infrastructure and streetscape. Further investment is proposed in the near future including a proposed transport interchange and reinstatement of the Waverley rail link between Edinburgh and the Central Borders.
44 High Street comprises the ground and first floor of a terraced Grade C listed building on three storeys.
The building is understood to have been designed by Wardrop and Reid and built in 1880 as the British Linen Bank, with managers house above. It is of traditional construction with square cut sandstone to the front elevation under a pitched
roof clad in slate.
The property is currently occupied as a hair salon and associated beautician.
The accommodation comprises:
Ground Floor: General office currently divided with temporary stud partitioning to provide three studio areas, reception and
waiting area; rear office/treatment room with shower room off.
First Floor: Landing, front offices/salon; rear offices with admin area off, store room and WC.
The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following net internal areas:
– General Office 48.16sq m (518sq ft)
– Rear Office 8.06sq m (87sq ft)
– Office 3/Salon 31.96sq m (344sq ft)
– Office 4 16.28sq m (175sq ft)
– Office 5/admin area 8.20sq m (88sq ft)
– Store room 2.82sq m (30sq ft)
Total 115.48sq m (1,243sq ft)
The property is currently assessed to a Rateable Value of £8,600 effective from 01 April 2017.
The Small Business Scheme provides rates relief to help small businesses in Scotland. During the current financial year (2018/19) where the combined rateable value of all business
premises in Scotland is £15,000 or less (where you have more than one business property in Scotland the rateable values will be added together) the scheme currently provides 100% relief. Further details are available from the Business Rates Team at Scottish Borders Council. Tel. 0845 3000341.
Available on new full repairing and insuring lease. Lease terms by negotiation. Flexible in-house lease agreement may be available subject to status and agreement between the parties.
Each party will be responsible for their own legal costs incurred in relation to this transaction.
In the normal manner, the in-going tenant will be liable for any stamp duty, land tax, registration dues and VAT incurred thereon, where applicable.
Strictly by appointment with the sole agent, Edwin Thompson LLP, Chartered Surveyors.
Tel: 01896 751300
Fax: 01896 758883
Email: [email protected]
To let – Flexible ground and first floor accommodation
Scope for a range of office or retail uses
Currently occupied as a hair salon and beauticians
Strong town centre position
NIA 115.48 sq m (1,243 sq ft)