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52 Channel Street Channel Street, Galashiels, TD1 1BA
Use Class
E
Size
1,546 sq ft
Rent pa
£100,000
Price
£130,000
The subjects comprise a ground and first floor retail unit contained within a two storey and attic building of stone construction. To the rear there are further single storey outbuildings.
Galashiels is a popular market town in the borders with a population of approximately 14,000 people and a regional population of 106,000 people. The town is located approximately 32 miles south of Edinburgh and is considered the primary town within the Scottish Borders. The subjects are situated on the south side of Channel Street, the prime pitch within the town, directly opposite Douglas Bridge retail development. The premises also benefit from nearby proximity to the town’s bus station and the new Borders Rail Station. Nearby occupiers include H Samuel, EE, Bon Marche, Santander Bank and Carphone Warehouse.
Key Information
Viewing
All viewings are strictly by prior arrangement with the appointed agents.
Legal
Each party to be responsible for their own legal costs incurred during the transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Accommodation
1,546 Sq.Ft
The subjects comprise a ground and first floor retail unit contained within a two storey and attic building of stone construction.
Financial
Rent
Offers in excess of £130,000 are invited for our clients’ heritable interest.
Rates
We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2017 is £17,700. (Each new occupier has the right of appeal against this figure). Based on a rate poundage of 46.6p this rateable value will result in an estimated rates liability in financial year 2017/18 of £8,248.
Rates
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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This was last updated on 28/08/2020