121 High St 2,728 SF 75% Leased Retail Building Galashiels TD1 1RZ $215,180 CAD ($78.88 CAD/SF)

121 High Street, Galashiels TD1 1RZ

CLASS1a,

TO LET/MAY SELL

LOCATION

The property is located on the western end of Bank Street, a busy part of Galashiels town centre characterised by a mix of retail, office and food related occupiers. Galashiels is one of the largest towns in the Scottish Borders and serves as the regions main administrative and retail hub, with a population of approximately 14,970 and an effective catchment more than 116,000. The town benefits from a strong student presence due to the nearby Heriot Watt University and Borders College campuses at Netherdale, around one mile east. In recent years, Galashiels has seen significant investment including new retail developments and major transport improvements. The Borders Railway provides direct services to Edinburgh Waverley with a typical journey time of around 55 minutes and half hourly departures, enhancing connectivity and supporting local footfall.

DESCRIPTION

121 High Street offers an attractive ground floor retail unit forming part of a prominent Category C Listed building within Galashiels town centre. The property benefits from an eye catching frontage with two generous display windows and a glazed entrance door, providing excellent branding and signage opportunities. Internally, the unit presents a bright and welcoming open plan space with high ceilings and abundant natural light, offering a flexible layout suitable for a range of uses. A private treatment or consultation room is positioned to the rear left, alongside a conveniently located WC. A further staff/tea prep area is situated at the back of the property. The unit is presented in very good condition throughout and would appeal to a variety of occupiers including retail operators, beauty and wellness providers, treatment or therapy businesses, and office users seeking a well located, move in ready premises.

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate internal areas: Internal area: 74 sq m (797 sq ft)

SALE PRICE / RENT PRICE

Our client is seeking a freehold purchase price for offers over £116,000 or a rent of £8,500 for a lease hold on full repairing and insuring terms and conditions for a minimum term of five years or more.

RATEABLE VALUE

According to the Scottish Assessors website () the subjects have a Rateable Value of £6400. The uniform business rate for the current year is £0.49 pence in the pound. Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

UTILITIES

The property is served by mains electricity and water.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is Pending. A copy of the recommendation report is available on request.

LEGAL COSTS Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.

ENTRY Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION By appointment through the sole letting agent, Ime DJK Group Ltd.