Commercial property for sale in Bank Street, Galashiels, Scottish Borders TD1

Offers over £35,000
Commercial property for sale 1
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Property features

  • Tenure: Freehold

Property description

Key features:
  • Development Opportunity
  • Residential Potential
  • Commercial Store
  • Detached
  • Town Centre
  • Workshop
  • Full planning for commercial re development (reference 19/00524/ful)
  • 116.40 sq m (1252 sq ft).

Main Description
Two storey detached building within Galashiels town centre which has most recently been occupied as a workshop and associated store.

Convenient town centre position
Full planning for commercial re development (reference 19/00524/ful )
Potential for Residential development
116.40 sq m (1252 sq ft).

General Information
The unit is set back from street level accessed via a vennel off Bank Street to the western side of Galashiels town centre.

Galashiels is situated within the central Borders. The settlement has a population of 14,994 according to the 2011 Population Census, an increase of 4.4% over that recorded in 2001 census.

The town is one of the largest in the Scottish Borders and is generally considered to be the principal, administrative, social and retail centre for the region effectively serving a population of in excess of 114,000.

There is a significant student population within the town and the campuses of Heriot Watt university and Borders College, are a short distance to the east of the property.

Within recent years Galashiels has benefited 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-establishing passenger services between Edinburgh Waverley and the Central Borders.

The journey time from Galashiels to Edinburgh City Centre by train is approximately 55 minutes, with departures every 30 minutes. On week days the first train departs from Edinburgh at 0545, the last at 2355.

Description
38a Bank Street comprises a late 19th century two storey building which is set behind the Bank Street frontage accessed via a vennel from the street. The building is of traditional stone construction with a render faced stone elevations. The internal fitout is of a basic specification with exposed stonework to ground and first floor level which are each configured as separate units. Access to the first floor is by means of an external timber stair.

On-street parking is available on Bank Street.

Accommodation
Ground floor: Basic Workshop/ store
First floor: Basic Workshop/ Store accessed via external timber stair.

Areas

Ground floor store: 58.20sqm. 626sqft
First floor store: 58.20 sqm. 626sqft
Total Gross Internal Area: 116.40sqm. 1252sqft

Services
All mains services are understood to be connected.

Rateable Value
The subjects are assessed to a (combined) Rateable Value of £2,100 effective from 01-April 17.

The Small Business Rates Relief Scheme provides rates relief to help small businesses in Scotland. For the 2019/20 financial 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.

Planning
Planning consent reference 19/00524/ful was granted in October 2019 for the change of use and extension from store to light industry for use as a Laboratory, production facility and associated office over three floor levels.

Alternatively, the building may suit residential conversion, subject to planning.

Tenure
Heritable. This property is sold subject to and with the benefit of all rights of way, whether public or private, and any existing or proposed wayleaves, servitude rights, restrictions and burdens of whatever kind, whether referred to in these particulars or not.

Offers
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.

Legal Costs
Each party will be responsible for their own legal costs incurred in connection with this transaction.

In the normal manner, the purchaser will be liable for any land and buildings transaction tax, registration dues and VAT thereon.

Value Added Tax
Unless otherwise stated the prices quoted are exclusive of Value Added Tax. Any intending tenants must satisfy themselves independently as to the instances of Value Added Tax in respect of any transaction.

Entry
By mutual agreement.

Viewing
By appointment with the sole agents:

Edwin Thompson llp, 76 Overhaugh Street, Galashiels TD1 1DP

Tel. Fax. E-mail:

Property info

Floorplan(s): Floorplan 1

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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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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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