commercial property for sale in Coldstream
Located on the heart of Coldstream's High Street and benefitting from good levels of footfall, this shop premises presents a perfect opportunity for those seeking a ready made investment with tenant in situ creating a yield of around 10% Coldstream High Street has benefitted from increased levels of footfall thanks to the recently opened Coldstream Holiday Park which is located towards the edge of the town. The holiday park has future plans for further extension, thus further increasing levels of tourism and visitors to the town; all in all it's a fantastic time for any business to be investing in to the town.
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Location
Coldstream itself is well known as the gateway to Scotland and is set on the banks of the River Tweed with beautiful walks along the riverside and in the nearby Hirsel Country Estate. Local sports include an 18-hole golf course at the Hirsel, tennis courts, horse riding and fishing on the Tweed. It also provides easy access to large variety of walks within the Northumberland National Park and lovely unspoilt beaches on the Berwickshire coast. Coldstream town offers a good primary school and easy access to secondary schools, a variety of shops and is well placed for easy commuting to both Edinburgh and Newcastle via the mainline station at Berwick upon Tweed only 20 minutes away.
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Highlights
• Excellent town centre position • Window frontage on to the High Street • Low maintenance and easy to manage premises • Attractive Investment opportunity • Tenant already in situ • Yield of around 10%
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Accommodation
The main trading area is divided into two spaces; the front space being accessed directly off the High Street with window frontage. This links through to the second trading area with both offering good space for display, storage and serving. Steps at the rear give access to a small WC and useful walk in store room. A rear external doors acts as a fire escape.
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Services
Double glazing. Mains water and drainage.
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Business Rates
Current rateable value £1200 per annum but likely to be eligible for 100% relief through the the small business rates relief scheme
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Viewing
To register your interest or request further information, call 01573 225999 - lines open 7 days a week including evenings, weekends and public holidays.
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Price & Marketing Policy
Offers in The Region of £37,500 are invited and should be submitted to the Selling Agents, Hastings Property Shop, 28 The Square, Kelso, TD5 7HH, 01573 225999, Fax 01573 229888 Email - Enq@hastingslegal.co.uk. The seller reserves the right to sell at any time and interested parties will be expected to provide the Selling Agents with advice on the source of funds with suitable confirmation of their ability to finance the purchase.
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Marketed by
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Hastings Legal - Property Department
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01573 922603
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28 The Square, Kelso, TD5 7HH
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Property reference: E459254
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Coldstream, Borders at a glance*
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Average selling price
£233,949
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Median time to sell
34 days
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Average % of Home Report achieved
99.6%
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Most popular property type
3 bedroom house