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£15,000

High Street, Galashiels, TD1

  • 0 beds
Other

£15,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£68 per month

Minimum deposit amount:

£750
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BRIEF RESUME

- Potential Café/ Kiosk/ Retail/ Micro Office/ Studio

- GIA 53.95 sq m (581 sq ft)

DESCRIPTION

The subjects also comprise a ground floor, former public conveniences occupying a site off High Street. The unit is of a block-built cavity construction with a brick faced outer leaf with timber clad fascias. The mono-pitched roof surface is clad in interlocking concrete tiles incorporating glazed roof lights. Rainwater goods are of metal specification.

Externally the building is positioned to the rear of the High Street Car Park which is a popular parking area. The building backs directly onto an old mill lade.

LOCATION

Galashiels is situated within the Central Scottish Borders. Galashiels 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. Galashiels and District has a population of approximately 14,970 according to the 2021 Census, a slight increase of that recorded at the 2011 Census (14,590).

There is a significant student population within the town with campuses of Heriot Watt University and Borders College. Borders General Hospital also has close training ties with a number of the Edinburgh universities.

In recent years Galashiels has benefitted from considerable public and private investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre, significant transport infrastructure works including the Galashiels Inner-Relief Road. In addition, the Borders Railway Link was completed in 2015 re-established passenger services between Edinburgh Waverley and the Central Borders.

The journey time from Galashiels to Edinburgh City Centre is approximately fifty-five minutes, with departures every thirty minutes. There is also a significant student population with Campuses at Heriot Watt University and Borders College.

PLANNING

The subjects are situated within Galashiels Development Boundary as defined within the Scottish Borders Local Development Plan 2 which was adopted on 22 August 2024.

Established Use is expected to be non-classified, Sui Generis under the Town and Country Planning (Use Classes) (Scotland) Order 1997 (as amended).

Following a change of use, Class 1A, 3 or 4 would be the most obvious uses. 1A which was introduced to provide greater flexibility to High Streets effective from 31 March 2023. Class 1A incorporates former Class 1 (Retail) and Class 2 (Financial, Professional and Other Services) of the Use Class Order. In addition, the recent change includes permitted development rights for Class 3 (Hot Food, Restaurants) and Class 4 (Business) providing considerable flexibility.

RATEABLE VALUE

The subjects are assessed to a Ravetable Value of £7,100 effective from 01-April-23.

The Small Business Rates Relief Scheme (SBRR) currently offers 100% rates relief for units of a Rateable Value of £12,000 or less based on the combined total of all the occupier business premises within Scotland (subject to application and eligibility).

AREAS

The subjects have been measured in accordance with the RICS Code of Measuring Practice to an approximate Gross Internal Area of 53.95 sq m

E & oe measurements of the main building taken with a laser measure.

TENURE

Presumed Absolute Ownership following the Abolition of Feudal Tenure (Scotland) Act 2000.

SERVICES

Mains, electricity, water and drainage

VAT

The subjects are not understood to be elected to VAT.

EPC

Pending

OFFERS

ASSESMENT OF BIDS: In evaluating bids, the Council will require to comply with Section 74 of the Local Government(s) Act 1973. While the Council is not bound to accept the highest bid, it may be that the Council will require to exercise its powers under the Disposal of Land by Local Authorities (Scotland) Regulations 2010 to accept a lower bid. The Council reserves the right to sell privately and shall not be bound to accept the highest or indeed any offer.

 Each party will be responsible for paying their own legal costs incurred in any transaction.

IVIEWINGS—By appointment with the sole agents.

Edwin Thompson, Chartered Surveyors, 76 Overhaugh Street, Galashiels

Tel: 01896 751300 [email protected]

MPORTANT 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

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