Residential Conversion Opportunity/ Offices
25-27 High Street, Jedburgh
Offers over £75,000
The subjects are situated in a prime location to the heart of Jedburgh town centre.
Jedburgh is a traditional market town with a population of approximately 4,000. The town in steeped in history with a great many historic attractions including the 12th Century Augustinian Abbey, Jedburgh Jail and Museum, Mary Queen of Scots house. Its historic setting attracts a significant level of seasonal tourist trade. The town also benefits from a good range of shopping facilities with a blend of crafts, antique and artisan retail outlets.
Jedburgh is situated on the southern fringe of the Scottish Borders close to Jed Water a tributary of the River Teviot, approximately 10 miles to the north of the border with England and benefits from good road links to the principal Borders towns and a national road network via the A68 trunk road. Newcastle airport is approximately 52 miles south while Edinburgh airport lies around 54 miles north.
25-27 High Street is centrally located on the High Street which is predominately characterised by retail and office uses at ground level with a mix of residential, office and retail accommodation to upper levels. High Street is a bustling part of the town. Nearby businesses include David Thompson (clothing), Swan Turner (antiques and auction house), AJ Learmouth (butcher), Jedburgh Chocolate House, the Cookie Jar café, the Spread Eagle House hotel, the Post Office, the Co-operative food store and a number of local niche retailers.
The subjects comprise a Category C Listed building of traditional stone construction with render finish and painted ashlar dressings, base course, moulded sill course and moulded eaves. The majority of the structure has pitched roofs clad in slate. To the rear there is a single storey section with flat roof finished in mineral felt.
Windows predominately comprise single glazed timber casement units.
The accommodation comprises:
Ground floor: Entrance lobby, inner hall, reception office, three further offices (one with safe off), kitchen and wc.
First Floor: Upper landing, two offices, wc, lower landing with stairs to attic level, two further offices.
Attic level: Three offices/large storerooms and three storage cupboards.
Externally, there is a gravel car park to the rear providing parking for approximately three cars.
The subjects have been measured in accordance with the RICS Code of Measuring Practice to an area of NIA 249.55 sq m (2,685 sq ft)
The Rateable Value is £12,000 effective from 01-Apr-2017.
Under the small business rate relief scheme (SBRR) it is anticipated that the subject will be eligible for up to 100% rates relief. Effective from 1st April 2017 (following the Chancellors budget announcement in March 2016) the threshold for 100% rates relief is due to increase to cover units with a rateable value of up to £15,000.
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
Each party will be responsible for their own legal costs incurred in relation to this transaction.
On the conclusion of legal missives.
Strictly by appointment with the sole agents:
Edwin Thompson LLP, Chartered Surveyors
76 Overhaugh Street
Tel: 01896 751300
Fax: 01896 758883
Email: [email protected]
Residential Conversion Potential
Category C Listed building
Established Use Class 2 (Office)
Car park to the rear for up to three cars
Accommodation over three floors: Reception, Ten offices, kitchen and several store room
NIA 249.55 sq m (2,685 sq ft)