First Floor Flat may be available by separate negotiation
Net Internal Area 61.45 sq m (661 sq ft)
No rates currently payable - subject to eligibility under
No. 15 Channel Street is a prominent corner terraced retail unit
benefitting from window frontage to Channel Street and Park Street
commanding a prime position to the West of Channel Street the
regions principal retail thoroughfare. The building is of
traditional construction with red brick finish. It is deceptively
spacious providing accommodation over two floor levels. It has most
recently been occupied by a large national bakery chain and retains
vinyl wall cladding, plumbing and electricity connections if
re-instatement for this use was desired.
It is of a size and type suited to a wide variety of retail
applications. Subject to the necessary consents it may also suit
Office, studios, treatment rooms, artisan workshops, a coffee shop
The subject has been measured in accordance with the RICS Code of
Measuring Practice to the following Net Internal Areas:
Retail Area:- 61.45 sq m 661 sq ft
E & oe Measurements taken using a laser measure.
Front Shop, rear lobby with separate delivery personnel access of
The subjects are situated in a prime trading position within
Galashiels town centre which benefits from a high level of footfall
and passing trade .
Galashiels, once famous for its textiles, is now one of the largest
towns in the Scottish Borders having a population of approximately
14,000. Its central location in the Borders means Galashiels is
generally considered to be the principal administrative, retail and
social centre for the region, effectively serving a population in
excess of 110,000. The town also benefits from a significant
student population with campus-s of the Heriot Watt University and
Borders College within the town.
In recent years Galashiels has been subject to considerable
investment. Developments have included the Gala Water Retail Park,
two new supermarkets to the east of the town centre and significant
transport infrastructure works.
The 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 55 minutes, with departures every 30 minutes. On
weekdays the first train departs from Edinburgh at 0545, the last
The town features a wide range of High street and out of town
retailing, restaurants, cafes and local amenities. There is also 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.
This Opportunity is well positioned to capitalise on the £6.7
million Great Tapestry of Scotland Development which is anticipated
to generate an additional 50,000 visitors each year.
Mains electricity, water and drainage.
According to the Scottish Assessor-s Association Website this unit
is assessed to a Rateable Value of £13,100 per annum effective from
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 202122).
Further details are available from the Business Rates Team of
Scottish Borders Council.
Available by way of a Full Repairing and Insuring lease. Terms by
Value Added Tax
Unless otherwise stated the prices quoted are exclusive of VAT.
Any intending tenants 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 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
By appointment with the sole agents:
Edwin Thompson, Chartered Surveyors
76 Overhaugh Street
Tel. 01896 751300 Fax. 01896 758883