Commercial property for sale in Tweedbank Drive, Tweedbank, Galashiels TD1

For sale/may let

location

The subject premises are 1 Tweedbank Drive, Tweedbank TD1 3RP

situated on the bank overlooking Gun Knowe Loch in Tweedbank which is approximately one mile away from the Borders General Hospital and six hundred metres from Tweedbank Railway Station, and sits directly in between the towns of Galashiels and Melrose. Local attractions and places of interest include Heriot Watt University, Abbotsford The home of Walter Scott, Melrose Rugby Club and Gala Fairydean Football Club.

Innerleithen, Stow Lauder, Kelso, Jedburgh, Selkirk nd Earlston are also all within a ten mile radius in different directions which makes the Tweedbank location a very central location which is highly accessible from the A7 and A6091 respectively.

Description

The Licensed Restaurant premises was built purposely by the current owners in 2012 and has been made to a very high standard with all the equipment and spaces you would need to run a successful business. The steel framed building could easily have a change of layout to suit other uses such as a gym or a visitor attraction as well as a restaurant.

Externally the building is stone clad beneath a pitched metal clad roof with huge feature windows looking out over the water and outside space for al fresco dining in the summer months and the addition of a car park for 36 cars.

Internally the decoration is clean and crisp with hardwood flooring and exposed timber clad beams at full height in the restaurant area. Every part of this place has been thought out, to the bar/serving area, the WC’s and kitchen and auxiliary areas are all to the highest spec.

Viewings are highly recommended.

Accomodation

According to our measurement survey the subjects comprise of the following approximate net internal area:

• 400 sq. M (4,306 sq. Ft)

Sale price

Our clients are seeking offers over £450,000 to purchase the freehold.

Rent price

Our clients may rent this property for £52,000 per annum and a £55,000 premium for the fixtures and fittings.

VAT

There will be no VAT due on the sale or lease.

Services

The property is served by mains gas, water, and electricity.

Energy performance rating

The Energy Performance Certificate (EPC) rating is pending.

Rateable value

According to the Scottish Assessor’s website () the subjects have a Rateable Value of £26,000. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2023).

Occupiers may be eligible for rates relief through the Small Business Bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

Legal costs

Each party is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.

Entry

Upon completion of a formal missive under Scots Law.

Viewing and further information

By appointment through the sole letting agent, ime djk Group Ltd.

Council tax band: X, Tenure: Freehold