Commercial property for sale in Retail Unit, 39 High Street, Jedburgh, Scottish Borders TD8

Offers over £80,000
Commercial property for sale
Interested in this property? Call +44 1896 318948 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Tenure: Freehold

Property description

Key features:
  • Investment opportunity
  • New five year lease from January 2019
  • Rental income £7,800 per annum
  • C. 10% return per annum
  • Excellent Trading Position
  • Net internal floor area: 117.42 sq m (1,263 sq ft)

Main Description
Location
Jedburgh is a traditional market town with a population of approximately 4,000. The town in steeped in history with a great many attractions including the Abbey, Jedburgh Jail and Museum and Mary Queen of Scots house. Accordingly the area benefits from a significant level of seasonal tourist trade.

It is a gateway town to the south of Scotland approximately 10 miles to the north of the border with England and benefits from good road links to the principal Borders towns and the national road network via the A68 trunk road. Newcastle airport is approximately 52 miles south while Edinburgh airport lies around 54 miles north.

Description
Self contained former Post Office occupying excellent trading position within Jedburgh High Street.

Accommodation
The accommodation comprises:

Shop Unit:
Ground Floor:
Front Shop widening to central section; stairs to west leading to hallway with access to ancillary accommodation; stairs down to basement storage; rear shop with Post Office counter to rear.

Basement:
Ancillary accommodation comprises kitchen/staff room and WC with low flush unit to
wash hand basin.

Areas
Net Internal Area 117.42 sq m (1,263 sq ft)

Rateable Value
The rateable value has been assessed to £7,200 effective from 01 April 2017.

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.

Entry
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.

Viewings
Strictly by appointment with the sole agents Edwin Thompson llp
T: F: E:

Property Ref:84_2523_4704356

Property info

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For more information about this property, please contact
Edwin Thompson, TD1 on +44 1896 318948 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Edwin Thompson, and do not constitute property particulars. Please contact Edwin Thompson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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