The subjects comprise the ground floor and lower ground floor of a two storey traditional end terraced building held under a pitched and slate roof. The ground floor flat and office are accessed via pedestrian doors at street level, with the storage units being accessed via a stairwell leading to the lower ground floor.
The subjects are well suited to residential conversion (subject to
planning).
( Agency Pilot Software ref: 52207 )
Location
The subjects are prominently located on High Buckholmside approximately 0.3 miles from Gala town centre. The property benefits from excellent transport links, being immediately situated on the A7 and in close proximity to Galashiels Train station, which offers regular services to and from Edinburgh city centre. The immediate vicinity is predominantly residential. However, the subjects are a short walk from the town centre which offers a range of local amenities.
Accommodation
Unit 1 Lower Ground Floor 73 High Buckholmside 32.36 sqm (348 sq ft)
Unit 2 Lower Ground Floor 73 High Buckholmside 25.56 sqm (275 sq ft)
Office Ground Floor 73 High Buckholmside 30.46 sqm (327 sq ft)
1 Bedroom Flat Ground Floor 81 High Buckholmside 30.27 sqm (325 sq ft)
Terms
PRICE Offers in the region of £65,000 (VAT Exempt)
RATEABLE VALUE According to the Scottish Assessors Association, we have been advised that the subjects have a rateable value of £4,650. The property qualifies for 100% Business Rates Relief under the Small Business Bonus Scheme.
LEGALS Each party has to bear their own legal costs. The tenant will be liable for the land and buildings transaction tax and registration dues incurred in this transaction.
Specification
• Mixed use investment opportunity (office/storage/residential dwelling)
• Residential conversion opportunity (STP)
• Located in close proximity to Gala town centre
• Standard residential lease in place (Passing rent: £4,500 per annum)
• Offers in the region of £65,000 (VAT Exempt)