Waukrigg Mill, Duke Street, Galashiels, Scottish Borders

Introductory Incentives Available
Description

The subjects comprise part of the former Waukrigg Mill complex. A traditional mill complex constructed in the early 19th Century of stone construction under multi-span pitched roofs predominately slated but incorporating glazed roof lights.

This is a second floor unit within a three storey building to the west of the Waukrigg Mill complex.

Location

The subjects are situated approximately one mile to the west of Galashiels town centre.

The property lies within one of the principal industrial areas of the town just off the main through route.

Galashiels with a population of approximately 16,000 is one of the largest towns in the Scottish Borders. It is generally considered to be the main administrative, business and social centre for the region, effectively serving a population of in excess of 110,000.
The town also benefits from a significant student population with campuses of Heriot Watt University and Borders College. Re-development works have recently been Completed in the town including the Galashiels inner relief road and the Borders Railway link between Edinburgh Waverley and the Central Borders.

Rateable Value

According to the Scottish Assessor?s Association Website this unit is assessed to a Rateable Value of £5,200 per annum effective from 01-Apr-2017.

The Small Business Bonus Scheme provides rates relief to help small businesses in Scotland. Where a business?s combined (all business premises in Scotland) rateable value is £15,000 or less up to 100% relief is available subject to eligibility (Current 2018/19). Further details are available from the Business Rates Team of Scottish Borders Council.

Planning

This area of Galashiels is zoned within the Scottish Borders Local Plan for retention of Employment Uses. Employment Uses are defined as uses falling within Class 4 (Business), Class 5 (General Industrial) and Class(Storage or Distribution) of the Town and Country Planning (Use Classes) Scotland Order 1997. A number of sui generis (one off site specific uses) may also be considered.

Lease Terms

Available by way of an Internal Repairing and Insuring lease. Terms by negotiation.

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.

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.

Viewings

Strictly by appointment with the sole agents Edwin Thompson LLP
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Property ref: 121_2523_4742204