Woodmarket, Kelso, TD5

Residential refurbishment opportunity

Excellent town centre position

Strong demand in the area

Spacious rooms

Period features

Gross Internal Area - 93.88 sq m (1,010 sq ft)

Offers Over £62,500 Ref. GA5335

General Information

32 Woodmarket occupies a strong trading position within the heart of Kelso town centre, a pitch that has benefitted from improved passing traffic following the implementation of Kelso’s one way system.

Kelso is a traditional Market Town with a relatively affluent catchment area providing higher than average disposable income supporting a good range of independent traders.

It is situated in a central position within the Scottish Borders approximately forty miles south of Edinburgh, around eighteen miles east of Galashiels. According to the 2020 Mid-Year Population Estimate compiled by National Records of Scotland, Kelso has a population of 6,870 an increase of around 11% over that recorded at the 2001 Census (6,190). The catchment area within a ten mile radius is 27,858 and the median household income within a five radius is £30,828. (Source: Costar)

Kelso is considered an important local employment and retail centre serving a wide rural hinterland. It is within an historic setting with a great many attractions within the town and surrounding area. The Town also benefits from a relatively strong tourism sector.

Description

A Category B Listed mid-terraced three storey tenement building providing a deceptively spacious maisonette to the upper floor levels.

The property is of traditional stone construction under a pitched roof clad in slate. The front elevation has a white painted finish to the shop front with an attractive ashlar finish above the pilastrade to first floor level. Sash windows are retained to the front elevation.

The first and second floors have most recently been occupied as offices, however, the upper levels would originally have provided a self-contained maisonette.

The accommodation is well proportioned and retains many period features, including cornicing, moulded architraves, original fireplaces and surrounds, window shutters, and panelled doors.

Accommodation

No.34: First and Second Floor Maisonette

Most recent use has been as offices. Planning consent reference 14/00153/FUL and Listed Building Consent reference 14/00154/LBCNN were approved for change of use back to form a residential maisonette configured as follows:

Ground Floor: Entrance Hall, Stairs to upper level.

First Floor: Landing, Living room, Kitchen, Dining Room/ Bedroom 3 with study/ walk-in wardrobe off.

Second floor: Landing, Two bedrooms (one with walk-in wardrobe) and bathroom/wc.

The planning approval was subject to a Section 69 agreement with Developer Contribution in relation to these works having been paid upfront. It is unclear whether this crystallises the planning consent which would otherwise have lapsed and this point should be clarified.

Areas

The property has been measured in accordance with the RICS Code of Measuring Practice to provide the following approximate areas:

First and Second Floor Maisonette - 93.88 sq m (1,010 sq ft)

E & oe Measurements taken using a laser measurement device.

Energy Performance Certificate

To be confirmed

Rateable Value

The premises is currently let under the following Rateable Value effective from 01-April-2017:

No. 34 Woodmarket (First and Second floor Offices): £5,600

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.

Services

Mains electricity, water and drainage.

Occupational Lease

Not Applicable. The premises are owner occupied available with vacant possession.

Tenure

Presumed Absolute Ownership following the Abolition of Feudal Tenure etc (Scotland) Act 2000. This should be confirmed by your solicitor.

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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 stamp duty land tax, registration dues and VAT thereon.

Value Added Tax

Any prices are exclusive of VAT. The subjects are mot understood to be elected to VAT.

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: [email protected]