Property Details

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PropertyDescription

FOR SALE/MAY LET Commercial unit with potential for residential conversion.

LOCATION
Peebles is a thriving popular market town on the banks of the River Tweed in the Scottish Borders lying approximately 22 miles south of Edinburgh on the A703.
The unit is located on School Brae leading down from the High Street to the river Tweed and parkland.
Surrounding occupiers include a bank branch, a range of cafes, bars, charity shops, estate agents and a tourist office, public restrooms as well as social club.

DESCRIPTION
A traditional stone built mid terrace B listed building with a double windowed frontage beneath a pitched and slated roof. The subjects are laid out over lower ground and upper ground floors and currently benefits from retail use however lends itself to many other uses such as office or consulting rooms.
Enquires should be made to local council planning department to ensure use is suitable for prospective tenants.

ACCOMMODATION
According to our recent measurement survey
Lower ground floor 32 SQ M (344 SQ FT)
Upper ground floor 40 SQ M (431 SQ FT)
Total 72 SQ M (775 SQ FT)

SALE PRICE
We are seeking offers over £90,000 for the freehold purchase of this property.

RENT
Our client is seeking rental offers of £10,000 per annum exclusive.

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 £7,000 effective 1st April 2017. The uniform business rate for the current year is 46.6 pence in the pound.
Occupiers may be eligible for 100% 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 gas, electricity and water.
Full gas central heating system included

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending
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 DJK Group Ltd.
EPC rating: F.

PropertyOverview

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