71 Island Street, Galashiels, TD1 1NU
In The Region Of £190,000 | Commercial
Ref: E487010
Description
Set within the major commercial centre of the Borders, the sale of 71 Island Street, Galashiels brings a unique and exciting opportunity to the buyer. Currently occupied by JT Dove, the site is offered for sale with vacant possession, and occupies an extensive area of approximately 0.64acres, providing two industrial buildings comprising a single-storey warehouse and a lean-to structure, as well as a tarmac yard. Ideally suited to those with a similar business type, or those in need of additional warehouse space, viewing is considered essential to fully appreciate. The Property: The site currently occupied by JT Dove Ltd comprises the owner occupier section as well as two further units to the rear of the premises, currently held on lease. Section available for sale: Two industrial units comprising a single storey warehouse, extending to a generous 258.43sqm, in addition to a lean-to structure of steel frame, extending to a further 81.34sqm. Overall, the internal area available for sale totals 339.77sqm. Leased sections: The current occupant leases further units to the rear of the premises, comprising an interconnecting warehouse, extending to a further 358sqm, and showroom with WC compartment, kitchenette and an office. This area of the site is not available for sale, however there may be an option for the lease to be transferred and extended to the new owner. Services: The property is understood to connect to mains supply of water, gas, electricity and drainage. It should be noted that within the owner occupied section, while there are connections to electricity, this does not benefit from WC facilities. Valuation & Trade fixtures and fittings 71 Island Street will be sold with vacant possession and has been independently valued on this basis at £190,000. No trading figures will be supplied as part of the sale. Trade fixtures and fittings are not included within the sale value. Rateable Value: According to the Scottish Assessor's website (www.saa.gov.uk) the subjects have been entered into the valuation roll at £28,500. The uniform business rate for the current year is £0.49 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.
Viewing times
Strictly by appointment with the Selling Agent. To arrange an appointment to view please contact Cullen Kilshaw Hawick on 01450 202317.
View location on a map
Marketed by
Cullen Kilshaw - HAWICK
31-35 High Street, Hawick TD9 9BU
Tel: 01450 202317
Fax: 01450 377463
Web: http://www.cullenkilshaw.com