Bank Street, Galashiels, TD1

BRIEF RESUME

-Spacious Double Fronted Retail Unit

-Large Open Plan Shop Front

-Well Presented Accommodation Over Two Floors

-Prominent Position Within Town Centre

LOCATION

The subjects are situated in a good trading position near the Memorial Fountain and Cornmill Square to the eastern end of Bank Street.

Galashiels is situated within the Central Scottish Borders. It is generally considered to be the principal administrative, retail and social centre for the region effectively serving a population of in excess of 115,000. The Galashiels and District ward itself has a population of approximately 14,970 according to the 2021 Mid-Year Population Estimate compiled by the National Records of Scotland, a slight increase of that recorded at the 2011 Census.

The town is one of the largest in the Scottish Borders and is generally considered to be the principal administrative, social and retail centre for the region.

There is a significant student population within the Town with campuses of Heriot Watt University and Borders College approximately one mile to the east at Netherdale. In addition, the Borders General Hospital nearby has close training ties with a number of the Edinburgh Universities.

Galashiels has benefitted from considerable public and private investment within recent years. Developments have included Galashiels Inner Relief Road and the Borders Railway Link re-establishing passenger services between Edinburgh Waverley and the Central Borders. Journey times from Galashiels to Edinburgh City Centre by train are approximately fifty-five minutes, with departures every thirty minutes during peak hours. On weekdays the first train departs from Edinburgh at 05:45 with the last at 23.55.

DESCRIPTION

47 Bank Street comprises a deceptively spacious double fronted retail unit occupying a relatively prominent position with frontage onto Bank Street. The building provides accommodation over two principal floors.

Internally, the building has been modernised to a good standard. The front shop is double height and galleried at first floor with a fixed staircase.

CONSTRUCTION

The property is of traditional stone construction with a painted rendered finish to the front elevation. It has pitched roofs clad in slate. Rainwater goods are of metal specification.

Double glazed display windows.

ACCOMODATION

The accommodation comprises:

Ground Floor:

Deep retail area with stairs to first floor, currently configured as reception area, open plan through to salon with wc and emergency exit/service access

First Floor:

Galleried landing, two treatment rooms, kitchen, storage room, wc, two emergency exits

AREAS

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

Description Sq m Sq Ft

Ground Floor Net Internal Area 86.62Sq m 932.37Sq Ft

First Floor Net Internal Area 55.31Sq m 595.35Sq Ft

Shop In Terms of Zone A 70.48Sq m 758Sq Ft

E & oe Measurements taken using a laser measurement device.

Energy Performance Certificate

To be confirmed

Rateable Value

The subjects are currently assessed to a Rateable Value of £10,600 effective from 01-April-2023.

Services

All mains services are connected

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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] / [email protected]