Commercial Property to rent

Park Street, Galashiels

£16,000 pa| £1,333 pcm

Property Description

Letting information:

Furnishing: Unfurnished

Key features

  • Excellent window frontage
  • Potential for a variety of uses including leisure
  • Retail area 186.3m² (2,006 sq ft)
  • Busy town centre position
  • May sub-divide to form self-contained units

Full description

GENERAL INFORMATION

A detached ground floor retail unit with prominent window frontage situated within a busy town centre position.

Park Street is situated to the north of Channel Street, the town’s principal retail street within Galashiels town centre.

Galashiels has a population of approximately 14,000 and is one of the main towns in the Scottish Borders, regarded as the regions principal administrative and retail centre effectively serving a population 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.

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.

Nearby retailers include Home Bargains, Greggs bakers, Dorothy Perkins, Evans and Burtons.

ACCOMMODATION
The subjects have been measured in accordance with the RICS Code of Measuring Practice to provide the following approximate areas:

Retail area (all ground floor) 186.3m² (2,006 sq ft)

Gross frontage 27.28m² (89' 6").

Shop depth 7.27m (23' 10")

Internal width 27.28m (89' 6")

The accommodation comprises front shop, office, changing room, w.c. with wash hand basin and low flush unit.

It is considered that the unit could readily be sub-divided to form two self-contained units.

The subjects have most recently been occupied as a retail warehouse for the sale of furniture, however, it is considered that there is scope for a variety of alternative uses including general retail, or office type uses.

Our client would consider splitting the premises to form two separate self-contained retail units. Please contact the sole letting agents for further details.

RATING
We are advised by the local assessors department that the premises are entered into the valuation roll as follows:

Rateable value £23,900 effective from 1 April 2005.

SERVICES
Mains electricity, water and drainage. Mains gas understood to be available, but not connected.

RENT
Rental on application.

May to sub-divide to form two self-contained units - further details are available from the sole letting agent.

LEASE TERMS
The premises are available on a new full repairing and insuring lease. Alternatively, a flexible in-house lease maybe considered.

Lease terms by negotiation.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in connection with this transaction. The in-going tenant will be responsible for any stamp duty, registration dues and VAT incurred thereon.

VIEWING AND FURTHER INFORMATION
Viewing strictly by appointment with the sole letting agents, Edwin Thompson LLP, Chartered Surveyors:
Tel: 01896 751300
Fax: 01896 758883
E-mail: s.sanderson@edwin-thompson.co.uk
galashiels@edwin-thompson.co.uk




Property ref: 121_2523_4302117

More information from this agent

Nearest stations

  • Galashiels (0.1 mi)
  • Tweedbank (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Edwin Thompson, Galashiels

76 Overhaugh Street, Galashiels, TD1 1DP

01896 555004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Galashiels (0.1 mi)
  • Tweedbank (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Edwin Thompson, Galashiels

76 Overhaugh Street, Galashiels, TD1 1DP

01896 555004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Property reference 4302117. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Edwin Thompson, Galashiels.

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