Waukrigg Mill Duke Street, , Galashiels, TD1 1QD

Location

Galashiels is located 35 miles south of Edinburgh and is the largest town in the Scottish Borders. The town is considered to be the principal administrative and retail centre for the region, with a resident population of approximately 115,000. Galashiels is also well connected to the central belt via the A7, taking approximately 1 hour by car & rail to travel to/from Edinburgh.

The subject premises is positioned on the east side of Duke Street, one mile to the west of Galashiels town centre. This location is readily accessible, situated immediately off A72/King Street which is the primary thoroughfare through Galashiels.

Description

The subjects comprise offices arranged over the ground floor, first floor & attic of the historical Waukrigg Mill complex, built in the early 19th century of stone construction under a pitched and slated roof.

Internally, the subjects comprise open plan office accommodation over the ground & first floors, with additional open plan storage space within the attic. The subjects benefit from extensive glazing allowing for ample natural daylight throughout, along with 12 parking spaces to the rear.

Part of the ground floor is let to Play Borders on a yearly rolling basis at a current passing rent of £4,000 per annum with expiry in July 2024.

The subjects would be suitable for redevelopment subject to obtaining necessary planning consents.

Rateable Value

The subjects are entered in the current Valuation Roll at a rateable value of £39,950 resulting in approximate payable annual rates of £19,895.

Lease Terms

The subjects are being offered on a full repairing and insuring basis for a term to be agreed incorporating regular rent reviews at offers over £22,500 per annum.

Price

The owners may consider a sale at offers over £250,000 for the heritable interest subject to and with the benefit of the existing lease.