Commercial property to let in High Street, Galashiels TD1

High Street Office/ Retail Premises
Excellent decorative order throughout
Class 2 (Financial, Professional or Other Services)
Class 1 (Retail)
Town Centre Position
Good Window Frontage
Net Internal Area 28.56 sq m (307 sq ft)
Rental offers over £325 pcm are invited

This Opportunity is positioned near the £6.7 million Great Tapestry of Scotland Development which is anticipated to generate an additional 50,000 visitors each year. It is scheduled for completion later this year.

General Information

94 High Street is situated within Galashiels Town Centre.

Galashiels has a population of approximately 14,000 and is generally considered to be the main administrative, retail and social centre for the region, effectively serving a population of in excess of 115,000.

In recent years Galashiels has been subject to considerable investment. Developments have included Retail Schemes to the east of the town centre and significant transport infrastructure works.

These infrastructure works have included the Galashiels inner relief road and the Borders Railway link which has re-established passenger services between Edinburgh Waverley and the Central Borders. The journey time from Galashiels to Edinburgh City Centre is approximately fifty five minutes, with departures every thirty minutes. On weekdays, the first train departs from Edinburgh at 05.45, last at 23.55.

The town features a wide range of high street and out of town retailing, restaurants, cafés and local amenities. There is a significant student population as home to the Heriot Watt University School of Textiles and Design as well as having a campus of Borders College and close training links between Borders General Hospital and a number of Edinburgh Universities.

Accommodation

Front Shop/ Office, Kitchenette, Store room, WC.

The accommodation has been refurbished in recent years with works including:

Redecorated and new flooring throughout.

Perimeter trunking.

Electric convector heating.

Double glazed UPVC windows.

LG3 lighting.

Refitted WC and kitchenette.

Areas

Gross Internal Area: 28.56 sq m (307 sq ft)

Planning

Established Class 2 use supports a wide range of Financial, Professional and Other services, which may include Solicitors, Accountants, Estate Agents, Beauticians, Nail Bar or a range of Beauty Treatments or Therapy Suites such as Physiotherapy, Chiropractor Care, Osteopathy, chiropodist, Dentist etc.

The Town and Country Planning General Permitted Development (Scotland) Order 1992, permits change of use from Class 2 to Class 1 – General Retail/ Shop uses.

Rateable Value

£2,900 effective from 01-Apr-2023.

Small Business Rates Relief Scheme (sbrr) currently provides up to 100% rates relief (2020/ 2021) for Businesses with a combined Rateable Value of up to £15,000 for all their business premises within Scotland (subject to application and eligibility).

Energy Performance Certificate

To be confirmed

Services

Mains water and drainage.

Mains electricity. Electric Heating

Lease Terms

Available by way of a Full Repairing and Insuring lease. Terms by negotiation.

Value Added Tax

Any prices are exclusive of VAT. The property is not understood to be elected to VAT, meaning that VAT will not be payable on the purchase price.

However, any intending tenants must satisfy themselves independently as to the instances of VAT in respect of any transaction.

Satellite Navigation

For those with the use of Satellite Navigation the postcode for this property is TD1 1SQ

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 incurred thereon, where applicable.

Viewings

Strictly by appointment with the sole agents:

Edwin Thompson llp, Chartered Surveyors

76 Overhaugh Street

Galashiels

TD1 1DP

Tel: Fax: Email: /