Palma Place, Melrose, TD6

Location

Melrose is a historic town with a population of 2,473 according to the 2022 Population Census. This represents an increase of around 7.20% over that recorded at the 2011 Population Census (2,307).

Melrose is an attractive town located in the Central Borders approximately 4.5 miles east of Galashiels. The settlement has a relatively affluent catchment area and benefits from a significant level of seasonal tourist trade. The town benefits from all local amenities and has a good range of shops and restaurants.

The town is steeped in history, located within the Tweed Valley in the foreground of the three peaks of the Eildon Hills, one of the most distinctive landmarks within the Scottish Borders. It is an attractive town with visitor attractions including Melrose Abbey, a magnificent ruin founded by Kind David I in 1136, as the first Cistercian monastery in Scotland. Following damage through the wars of independence the Abbey was substantially re-built during the 1380’s. It continued in use as an Abbey until the protestant reformation of 1560. The Abbey grounds are reported to the burial place of Robert the Bruce’s heart.

Melrose is a highly sought after residential town well renowned as the birthplace of Rugby Sevens with an annual tournament in the spring. There is an influx of seasonal visitors to the area during the summer months.

The town is conveniently located for access to the other main towns within the Central Borders. It benefits from good connectivity with links to the National Roads Network via the A68 Trunk Road and the A7 Arterial Route. The southern terminus of the recently re-established Borders Railway linking the Central Borders to Edinburgh Waverly is Tweedbank Station approximately 1.5 miles west.

The population within a ten-mile radius was recorded as 40,472 in 2022 with an average household income of £31,098 (Source: CoStar).

Description

The ground floor and basement of a two storey end terraced traditional building of red sandstone construction to the south east of Melrose town centre. The building has a mansard roof to the storey above which incorporated dormer window projections.

The ground floor benefits from a traditional façade with display frontage to the east (Dingleton Road) and south (Palma Place). It has off-set bi-fold doors providing scope for use for larger items. Whilst modest there is also a useful basement suited to ancillary workshop/ storage uses.

Accommodation

The accommodation comprises:

Ground floor: Retail space with dual aspect.

Basement: Workshop/ Store, Kitchen area, further storage cupboard and WC.

Areas

The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following approximate areas:

Net Internal Area: 72.23 sq m / 777 sq ft

In Terms of Zone A: 41.17 sq m / 443 sq ft

E and oe measurements taken with a laser measure.

Rateable Value

The subjects are assessed to a Rateable Value of £8,000 effective from 01-April-2023.

Rateable value/council tax information has been obtained from the Scottish Assessors Association website whilst believed to be correct, this information has not been verified.

Planning

Established Use is understood to be Class 1A of the Town and Country (Use Classes) Scotland Order 1997 (as amended) which incorporates former Class 1 (Retail), Class 2 (Financial, Professional and Other Services). Class 1A also has permitted development rights for change of use to Class 3 (Hot Food) and Class 4 (Business).

EPC

To be confirmed.

Lease Terms:

Flexible lease terms may be available. FRI lease.

Viewings:

Strictly by appointment only.

Edwin Thompson LLP

76 Overhaugh Street

Galashiels, TD1 1DP

Tel: 01896 751300

Email: [email protected]

IMPORTANT NOTICE 1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.

2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their correctness.

3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.

4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.

5. Edwin Thompson is the generic trading name for Edwin Thompson Property Services Limited, a Limited Company registered in England and Wales (no.07428207). Registered office:28 St John’s Street, Keswick, Cumbria, CA12 5AF