Commercial Property for sale14-20, High Street, Galashiels, Scottish Borders
Sold STC POA
- Well suited to retail, offices, restaurant or office use
- Potential for conversion/ re-development to hotel or flats
- Strong High Street trading position
- Excellent window frontage
- High levels of footfall and passing trade
- NIA: 689.64 sq m (7,313 sq ft)
Prominent High Street retail unit occupying a strong trading position with excellent footfall in a prime central position within the main retail area of Galashiels.
Galashiels with a population of approximately 14,000 is one of the largest towns in the Scottish Borders and is generally considered to be the principal, administrative, social and retail centres for the region, effectively serving a population of in excess of 110,000.
In recent years Galashiels has benefitted from considerable investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre and significant transport infrastructure works. The infrastructure works have included the Galashiels inner relief road and, the Borders Railway link which has re-established passenger services between Edinburgh Waverley and the Central Borders. The journey time from Galashiels to Edinburgh city centre is approximately 55 minutes, with departures every 30 minutes. On weekdays the first train departs from Edinburgh at 0545, the last at 2355.
The town also benefits from a significant student population with the campuses of Heriot Watt University and Borders College within the town as well as a campus of Napier University at Borders General Hospital.
An extremely adaptable unit two storey corner unit well suited to a multitude of retail, office, and leisure uses or potentially for re-development, subject to obtaining all necessary consents.
The current configuration provides retail accommodation at ground floor and associated ancillary/storage and retail accommodation at first floor level.
Externally, there is a service access to the west via Bridge Street with enclosed yard to the rear.
The accommodation currently comprises:
Ground floor: Sizeable shop unit with extensive window frontage to High Street; three store rooms; goods-in room; store; WC, access off Sime Place. Two outbuildings accessible off the courtyard provide additional storage.
First Floor: Retail area; two offices; kitchen; four stock rooms and access to the attic level.
Attic: Two rooms
The subjects have been measured in accordance with the RICS Code of Measuring Practice to provide the following gross areas:
Description Sq m Sq ft
Ground Floor 409.11 4,402
First Floor 252.54 2,610
Attic level 27.99 301
Total 689.64 7,313
The subjects are currently assessed to a Rateable Value of £53,600 effective from 01 April 2010.
Rateable Value information is obtained from the Scottish Assessors website and whilst believed to be correct, this information has not been verified.
Interested parties are advised to discuss proposals with the Development Negotiator at Scottish Borders Council, with regards to development contributions that may apply from any proposed change of use, prior to submitting an offer.
Presumed Absolute Ownership following The Abolition of Feudal Tenure etc (Scotland) Act 2000.
Price on application
A closing date may be set for offers. Please note that only those parties who formally notify us of their interest will be informed of a closing date. Interested parties are advised to notify the selling agents of their interest as soon as possible. The seller reserves the right to sell privately and is not bound to accept the highest or indeed any offer.
Unless otherwise stated the prices quoted are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.
For further information or to arrange an appointment to view please contact the joint agents:
Edwin Thompson LLP
Contact: Simon Sanderson
Tel: 01896 751300
Fax: 01896 758883
Kennedy and Co
Contact: Andrew Kennedy
Tel: 0141 248 7773
Property ref: 121_2523_4162515
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