Property to rent

BRIEF RESUME

Prominent town Centre Position

Excellent frontage onto Channel Street

Net Internal Area 83.78 sq m (902 sq ft)

Class 1 (Retail)

DESCRIPTION

No.47 is a double fronted unit with glazed central double doors. The public areas are well presented. The unit also provides first floor staff accommodation.

Established Use of No. 47 is understood to fall within Class 1 (Retail) of the Town and Country Planning (Use Classes) (Scotland) Order 1997.

AREAS

The subject has been measured in accordance with the RICS Code of Measuring Practice to the following Net Internal Areas:

Retail Area: 88.02 sq m (948 sq ft)

In Terms of Zone A: 54.13 sq m (582 sq ft)

SERVICES Mains electricity, water and drainage are connected. Electric Heating.

LOCATION

47 Channel Street is situated in a prime trading position within Galashiels town centre which benefits from a high level of footfall and passing trade .

Galashiels and District has a population of approximately 14,970 according to the 2021 Mid-Year Population estimates compiled by National Records of Scotland a small increase in relation to the population recorded at the 2011 Census (14,590).

Situated within the Central Scottish Borders, Galashiels is one of the largest Towns in the region. It is generally considered to be the principal administrative, social and retail centre effectively serving a population of in excess of 116,020.

There is a significant student population within the town with campuses of Heriot Watt University and Borders College approximately 1 mile to the east at Netherdale. Borders General Hospital also has close training ties with eh Edinburgh Universities.

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

The journey time from Galashiels to Edinburgh city centre by train is approximately 55 minutes with departures every 30 minutes. On weekdays, the first train departs from Edinburgh at 05.45 with the last at 23.55.

ACCOMMODATION

Ground floor: Front shop, hall with separate access from Channel Street, stairs to first floor.

First floor: landing, staff area with tea preparation area, WC with wash hand basin and close coupled WC.

RATEABLE VALUE

The current Rateable Value effective from 01-April-2023 is £6,200

Small Business Rates Relief Scheme currently provides up to 100% rates relief for units with a Rateable Value of £12,000 or less based on a combined total of all the occupiers business premises within Scotland (subject to application and eligibility). This relief is reviewed annually in accordance with the Budget.

EPC TBC

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.

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.

LEASE TERMS

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

VIEWING

By appointment with the sole agents.

Edwin Thompson, Chartered Surveyors

76 Overhaugh Street

Galashiels

TD1 1DP

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IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:

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