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Property
Property description & features
- Selkirk Centre
- Investment Sale
- Excellent Decorative Order
- Open Plan
LOCATION
Selkirk is a historic market town enjoying a central location in the Scottish Borders. It is approximately 5 miles south of Galashiels, 11 miles north of Hawick and 40 miles south east of Edinburgh.
It is particularly accessible due to the A7 which is an arterial route popular with tourists a trade linking north and south. The subject property is on West Port (A707) close to the town’s Market Place and High Street.
Surrounding occupiers include a charity shop, florist, several restaurants, a bank, and various retailers.
DESCRIPTION
The subjects comprise a single shop unit with double frontage forming the ground floor of a two-storey stone-built property. The unit is entirely open plan with the exception of two steel supporting columns to the front and rear of the main shop area. It is in good decorative order and the flooring is a beech laminate.
To the rear of the subjects are WCs, a store, and separate room which, depending on the eventual occupier, may suit a private office or staff room.
ACCOMMODATION
Total NIA: 45 SQ M (484 SQ FT)
SALE PRICE
Our clients are seeking offers over £49,000 for the freehold interest of the property.
LEASE TERMS
The property is to be sold with an existing 5-year Full Repairing and Insuring (FRI) lease, having commenced in August 2019. The current rent is £4,200 pa.
SERVICES
The property is served by mains water, and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is G.
RATING
According to the Scottish Assessor’s website () the subjects have a Rateable Value of £3,950. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).
Occupiers may be eligible for rates relief through the Small Business Bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
LEGAL COSTS.
Each party is responsible for their own legal and costs incurred in the preparation, negotiation and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING & FURTHER INFORMATION
By appointment with the sole letting agent, ime DJK Group Ltd.
Property information from this agent
Places of interest
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Property reference P573. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by ime DJK Group - Commercial.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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