Property Details

5 West Port
Scottish Borders, Selkirk

Offers over£49,000

Request a Viewing

PropertyDescription

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 east of Edinburgh.

It is particularly accessible due to the A7 which is an arterial route popular with tourists a 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 separate room which, depending on the eventual occupier, may suit a private office or staff room.

ACCOMMODATION

Total NIA: 45 SQ M (484 SQ FT)

SALE PRICE

Our clients are seeking offers over £49,000 for the freehold interest of the property.

LEASE TERMS

The property is to be sold with an existing 5-year Full Repairing and Insuring (FRI) lease, having commenced in August 2019. The current rent is £4,200 pa.

SERVICES
The property is served by mains water, and electricity.

ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is G.

RATING
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £3,950.  The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).

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.

LEGAL COSTS.
Each party is responsible for their own legal and costs incurred in the preparation, negotiation and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable

ENTRY
Upon completion of a formal missive under Scots Law.

VIEWING & FURTHER INFORMATION

By appointment with the sole letting agent, ime DJK Group Ltd.

PropertyOverview

  • Property ID:P573
  • Postal Code: TD7 4DG
  • Status:For Sale
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:484 sq ft
  • Price:£49,000

PropertyFeatures

  • Selkirk Centre
  • Investment Sale
  • Excellent Decorative Order
  • Open Plan

ExtraInformation

ShareThis Property

SimilarProperties

No properties found.