Property Details

5 West Port
Borders, Selkirk

£5,000 P.A.

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Property
Description

LOCATION

Selkirk is a historic market town enjoying a central location in the Scottish Borders. It is approximately 5 miles south of Galashiels, 11 miles north of Hawick and 40 miles south of Edinburgh.

It is particularly accessible due to the A7 which is an arterial route popular with tourists an trade linking north and south. The subject property is on West Port (A707) close to the town’s Market Place and High Street.

Surrounding occupiers include a charity shop, florist, several restaurants, a bank and various retailers.

DESCRIPTION

The subjects comprise a single shop unit with double frontage forming the ground floor of a two storey stone built property.

The unit is entirely open plan with the exception of two steel supporting columns to the front and rear of the main shop area. It is in good decorative order and the flooring is a beech laminate.

To the rear of the subjects are WCs, a store and a separate room which, depending on the eventual occupier, may suit a private office or staff room.

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate net internal area:

45 sq m (484 sq ft)

RENT

Our client is seeking rental offers of £5,000 per annum.

LEASE TERMS

The subjects are made available on the basis of a new full repairing and insuring (FRI) lease for a term to be negotiated.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £3,950. The proposed Rateable Value effective from 1st April 2017 is £3,100. The uniform business rate for the current year is £0.484 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 G.

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 Property Ltd.

Property
Overview

  • Property ID:P283
  • Postal Code: TD5 4DG
  • Status:For Rent
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:484 sq ft
  • Price:£5,000

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