An excellent lease opportunity to run a long established public house with loyal customer base in Galashiels town centre being offered to the market due to our clients wish to retire.
The subjects of lease comprise public bar with self contained three bedroom maisonette with separate access off Gill’s Close. The property is over two principal levels plus attic level within a traditionally constructed property occupying a corner site.
Location
Galashiels has a population of approximately 14,000 and acts as the regionals principal administrative, retail and social centre effectively serving a population in excess of 110,000. There is also a significant student population within the town with campuses of Heriot Watt University and Borders College, as well as a campus of Napier University nearby at Borders General Hospital.
The town has recently benefited from significant investment in town centre redevelopment works and street scaping. Further investment is proposed to the local transport infrastructure including a proposed transport interchange and reinstatement of the Waverley Rail Link to Edinburgh.
Situated in the heart of Galashiels town centre in close proximity to the towns principal night club.
Accommodation
Accommodation
The current layout provides:
Public Bar
Ground floor: Main bar and lounge with door through to games room with cellar off, gents WC.
First Floor: Landing, meeting/private function room. Ladies WCs.
Self contained three bedroom maisonette
Ground floor: Direct access off Gill’s Close to vestibule with stairs up to first floor level.
First floor: Landing, kitchen/reception room.
Attic level: Living room off half landing, landing, three bedrooms and a bathroom.
Terms
under the Small Business Bonus Scheme, eligible businesses with a combined rateable value of £18,000 or less across all their business premises within Scotland may be eligible to claim 25% rates relief. Enquiries should be directed to Scottish Borders Council on 0300 100 1800.
Licences
The licence permits the following opening hours:
Monday-Wednesday 11 am to 12 am
Thursday-Saturday 11 am to 1 am
Sunday 12.30 pm to 12 am
Trading information
Full trading information can be made available to interested parties who have viewed and formally noted interest through their solicitor.
Lease
Available on a full repairing and insuring lease in accordance with the head lease. Further details available from the letting agents.
Legal costs
The sub-tenant will be responsible for all reasonable legal costs incurred in the transaction.
Entry
On the conclusion of legal missives.
VAT
All figures are quoted exclusive of VAT which will be payable at the prevailing rate.
Viewings
Strictly by appointment with the sole letting agents, Edwin Thompson LLP
Tel: 01896 751300
Email: s.sanderson@edwin-thompson.co.uk