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Edwin Thompson Estate Agent in TD1 1DP
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Home > Property for rent > Channel Street, Galashiels, Scottish Borders

Commercial Property For Rent in Channel Street, Galashiels, Scottish Borders

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Guide price £12,000
Commercial Property
Listed 121 days ago Available
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Property description: Key features:
  • Prominent Corner Position
  • Double Frontage to Channel Street and Park Street
  • 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 SBRR

    • Main Description
      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 or similar.

      Areas
      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.

      Accommodation
      Front Shop, rear lobby with separate delivery personnel access of Park Street.

      General Information
      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 at 2355.

      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.

      Services
      Mains electricity, water and drainage.

      Rateable Value
      According to the Scottish Assessor-s Association Website this unit is assessed to a Rateable Value of £13,100 per annum effective from 01-Apr-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 202122). Further details are available from the Business Rates Team of Scottish Borders Council.

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

      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.

      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.

      Viewing
      By appointment with the sole agents:
      Edwin Thompson, Chartered Surveyors
      76 Overhaugh Street
      Galashiels
      TD1 1DP
      Tel. 01896 751300 Fax. 01896 758883
      E-mail: s.sanderson@edwin-thompson.co.uk



      Property Ref:96_2523_4939846
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