A two storey traditional former mill building believed to date to around 1846 subdivided to provide offices most recently occupied by ProStrakan Pharmaceuticals.The property is considered to offer scope for retention of office based uses, subdivision to smaller suites or potential for residential redevelopment subject to obtaining all the necessary consents. A traditional two storey building originally understood to have been constructed by Henry Sanderson in the mid-19thcentury forming part of the Buckholm Mill complex. Buckholm Mill was reported to be the first mill in Galashiels to be illuminated by electricity with works completed by Edison & Co of New York in 1884. In more recent years, the subjects have been converted into offices, most recently occupied by ProStrakan Pharmaceuticals. The property is considered to offer scope for retention of office based uses, sub-division to smaller suites or potential for residential redevelopment subject to obtaining all the necessary consents.
Location
The property is situated at Buckholm Mill to the north west of Galashiels. Galashiels is generally regarded as the principal commercial centre serving the Borders region, effectively serving a population of in excess of 110,000. The town benefits from a significant student population with campuses of Heriot Watt University and Borders College within the town. The town is benefitting from significant investment in the local transport infrastructure with construction of the Galashiels inner relief road and proposals for the reinstatement of the passenger rail link between Edinburgh and Galashiels.
Accommodation
The present layout currently provides:
Ground Floor: General office, meeting room, board room, 9 further offices, kitchen/staff room areas.
First Floor: Entrance hall, reception, 12 offices, meeting hall, store room.
Potential for the ground floor and first floor to be let as separate suites.
Ground Floor - 5,257 Sq Ft
First Floor - 4,097 Sq Ft
The site extends to approximately 1.86 acres or thereby including a secure tarmacadam surfaced yard/car park to the west which extends to approximately 0.21 acres or thereby. To the north and east there are areas of wooded amenity land.
Terms
Existing Leases
The secure yard/car park is currently let to S & I Thomson, the salient details of the lease are:
• Lease term 1 May 2006 to 31 July 2006 and monthly thereafter.
• Rent £100 per calendar month plus VAT.
• Rent reviews on a three yearly basis.
• Termination by either party serving one month’s written notice.
• Access to the site solely from S & I Thomson’s yard to the west (for the purposes of this lease only).
Tenure
Absolute Ownership.
Price
Guide Price £175,000.
All offers should be submitted in Scottish Legal form to:
Head of Legal Services (Resources),
Scottish Borders Council
Council Headquarters
Newtown St Boswells, Melrose. TD6 OSA
All offers should include:
• The identity of the purchaser.
• Price offered.
• Clear details of any conditions attached to the offer.
• Proposed timescale for conclusion of missives, completion and payment.
A closing date may be set for offers. Please note that only those parties who formally notify their interest will be informed of a closing date. Interested parties are advised to notify the selling agents of their interest as soon as possible. The seller reserves the right to sell privately and is not bound to accept the highest or indeed any offer.
Energy Performance Certificate (EPC)
The subjects have been assessed to a Band G Energy Efficiency rating.
Specification
- Strip lighting to first floor
- Suspended ceilings with recessed louvre lighting to ground floor
- Gas central heating to first floor
- Electric convector heaters to ground floor
- On-site parking extending to in excess of 0.20 acres
- CAT 5 cabling
- Carpeting throughout