Property Information
Address:
47 Bank Street , Galashiels
, TD1 1EP
Price: Rent: £11,000 Per Annum
Size: 1528 sq ft142 sqm
Primary Category: Shop
All Categories:
Investment, Shop,
Property Ref/Movehut: MH677575
Property Ref/Agent: 47bankst
*Please use the agent ref when calling the agent directly.
Property description
FOR SALE MAY LET
BRIEF RESUME
-Spacious Double Fronted Retail Unit
-Large Open Plan Shop Front
-Well Presented Accommodation Over Two Floors
-Prominent Position Within Town Centre
LOCATION
The subjects are situated in a good trading position near the Memorial Fountain and Cornmill Square to the eastern end of Bank Street.
Galashiels is situated within the Central Scottish Borders. It 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. The Galashiels and District ward itself has a population of approximately 14,970 according to the 2021 Mid-Year Population Estimate compiled by the National Records of Scotland, a slight increase of that recorded at the 2011 Census.
The town is one of the largest in the Scottish Borders and is generally considered to be the principal administrative, social and retail centre for the region.
There is a significant student population within the Town with campuses of Heriot Watt University and Borders College approximately one mile to the east at Netherdale. In addition, the Borders General Hospital nearby has close training ties with a number of the Edinburgh Universities.
Galashiels has benefitted from considerable public and private investment within recent years. Developments have included Galashiels Inner Relief Road and the Borders Railway Link re-establishing passenger services between Edinburgh Waverley and the Central Borders. Journey times from Galashiels to Edinburgh City Centre by train are approximately fifty-five minutes, with departures every thirty minutes during peak hours. On weekdays the first train departs from Edinburgh at 05:45 with the last at 23.55.
DESCRIPTION
47 Bank Street comprises a deceptively spacious double fronted retail unit occupying a relatively prominent position with frontage onto Bank Street. The building provides accommodation over two principal floors.
Internally, the building has been modernised to a good standard. The front shop is double height and galleried at first floor with a fixed staircase.
CONSTRUCTION
The property is of traditional stone construction with a painted rendered finish to the front elevation. It has pitched roofs clad in slate. Rainwater goods are of metal specification.
Double glazed display windows.
ACCOMODATION
The accommodation comprises:
Ground Floor:
Deep retail area with stairs to first floor, currently configured as reception area, open plan through to salon with wc and emergency exit/service access
First Floor:
Galleried landing, two treatment rooms, kitchen, storage room, wc, two emergency exits
AREAS
The property has been measured in accordance with the RICS Code of Measuring Practice to provide the following approximate areas:
Description Sq m Sq Ft
Ground Floor Net Internal Area 86.62Sq m 932.37Sq Ft
First Floor Net Internal Area 55.31Sq m 595.35Sq Ft
Shop In Terms of Zone A 70.48Sq m 758Sq Ft
E & oe Measurements taken using a laser measurement device.
Energy Performance Certificate
To be confirmed
Rateable Value
The subjects are currently assessed to a Rateable Value of £10,600 effective from 01-April-2023.
Services
All mains services are connected
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Viewing
By appointment with the sole agents.
Edwin Thompson, Chartered Surveyors
76 Overhaugh Street
Galashiels
TD1 1DP
Tel. 01896 751300
Fax. 01896 758883
E-mail: s.sanderson@edwin-thompson.co.uk / e.dagg@edwin-thompson.co.uk
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