15 Channel Street, Galashiels, Scottish Borders

BRIEF RESUME
- Prominent town Centre Position
- Dual aspect to Park Street and Channel Street
- Class 3 (Café/ Restaurant)
- Class 1a (Retail, financial, professional and other services)
- Permitted development to Class 1a
- NIA 67.30 sq m (724 sq ft)

DESCRIPTION
A ground floor café/ restaurant unit with corner access door which benefits from a modern fit-out with lined walls and suspended ceiling with recessed light units.

The unit is of a size and type suited to a wide variety of retail applications.

ACCOMMODATION
The subjects are currently configured to provide:

A prominent corner terraced unit (formerly Greggs) which is currently fitted out as a small café. It is open plan with partition walls partially screening the seating area from the preparation and cooking areas.

AREAS
The subjects have been measured in accordance with the RICS Code of Measuring Practice as follows:

Net Internal Area: 67.30 sq m / 724 sq ft
In Terms of Zone A: 57.43 sq m / 618 sq ft

E &oe Measurements taken using laser measure.

LOCATION
15 Channel Street is situated in a prominent position within the principal retail area serving Galashiels Town Centre.

Galashiels is situated within the Central Scottish Borders. Galashiels is generally considered to be the principal administrative, retail and social centre for the region effectively serving a population of in excess of 115,000. Galashiels and District has a population of approximately 14,970 according to the 2021 Census, a slight increase of that recorded at the 2011 Census (14,590). In 2022, the population base within a five-mile radius was 25,786, increasing to 39,535 within a ten mile radius. The Median age of the population within a five mile radius is 46.56 with an average household income of £29,030 per annum. (Source: Costar)

There is a significant student population within the town with campuses of Heriot Watt University and Borders College. Borders General Hospital also has close training ties with a number of the Edinburgh universities.

In recent years Galashiels has benefitted from considerable public and private investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre, significant transport infrastructure works including the Galashiels Inner-Relief Road. In addition, the Borders Railway Link was completed in 2015 re-established passenger services between Edinburgh Waverley and the Central Borders.

The journey time from Galashiels to Edinburgh City Centre is approximately fifty-five minutes, with departures every thirty minutes. On weekdays the first train departs from Edinburgh at 05:45 with the last at 23:55.

There is also a significant student population with Campuses at Heriot Watt University and Borders College approximately one mile to the east of Netherdale. The nearby Borders Genera Hospital has close training links with a number of the Edinburgh Universities.


RATEABLE VALUE/COUNCIL TAX
The subjects are assessed to the following Rateable Value effective from 01-April-2026:

15 Channel Street, Galashiels £6,800

Small Business Rates Relief Scheme (SBRR) currently provides up to 100% rates relief for units with a Rateable Value of £12,000 or less based on the 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 but is current for this Financial Year. The Rateable Value for the subjects is currently well below this threshold.

PLANNING
Established Use is understood to be Class 1A of the Town and Country (Use Classes) Scotland Order 1997 (as amended) which incorporates former Class 1 (Retail), Class 2 (Financial, Professional and Other Services). Class 1A also has permitted development rights for change of use to Class 3 (Hot Food) and Class 4 (Business).


LEASE TERMS
The unit will be let on full repairing and insuring terms. There will be a service charge in respect of maintenance and upkeep of the common areas.

VAT
Unless otherwise stated the prices quoted are exclusive of VAT. Any applicant 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.

VIEWING ARRANGEMENTS
By appointment only with the sole agents.

Edwin Thompson
76 Overhaugh Street
Galashiels
TD1 1DP

Tel:
Email: g.

IMPORTANT NOTICE
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