For Sale

For Sale
Investment, Retail
7-8 Market Place, Jedburgh, Scottish Borders, TD8 6AP
Tenure: For Sale
Size: 623 sq ft (58 sq m)
Price: Offers Over £80,000

Key Features

  • Attractive VAT free retail investment with no lease breaks
  • Let on FRI terms until 15th September 2028
  • Located in the historic Scottish Borders town of Jedburgh
  • Current passing rent of £7,800 per annum; uplifting to £8,400 per annum in 2026
  • Offers Over £80,000 reflecting a Net Initial Yield of 9.58%

The subjects comprise inter-connecting shop units forming the ground floor of a three storey and attic tenement block contained beneath a pitched and tiled roof.

Entering the subjects through number 8, the front shop area is well presented and benefits from a large display window. To the rear is a staff corridor with store, WC and small tea prep.  There is a change in level to number 7 leading to a double windowed front shop with a store to the rear.

The subjects were upgraded recently with a new electric distribution board, modern wall mounted heaters, carpet and laminate floor coverings and LED lamp fittings.

The historical market town of Jedburgh lies 10 miles north of the border with England, 35 miles east of Berwick-upon-Tweed and 50 miles south-east of Edinburgh.

Lying just off the A68, it benefits from an abundance of passing trade and is a hugely popular tourist destination with Jedburgh Abbey and Jedburgh Castle firm highlights.

The town itself is justifiably known as the ‘Jewel of the Borders’ with a variety of independent shops, restaurants, cafes and leisure facilities.

The property is situated on Market Place close to its junction with Exchange Street and the High Street.  Nearby occupiers include Boots Pharmacy, Scottish Court Service, Morrisons Daily and Coffee Corner.


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

57.84 sq m (623 sq ft)

Tenancy Information

The subjects are let to Helen Scurfield t/a Mrs Moose Knits on a Full Repairing and Insuring lease from 15th September 2023 until 14th September 2028 at a passing rent of £7,800 per annum.  The rent is due to increase to £8,400 per annum at Rent Review on 15th September 2026.


Offers Over £80,000 are invited for our client’s heritable interests in the subjects.

A purchase at this level would show a net initial yield of 9.58% after allowing for purchaser’s costs of 1.80% plus LBTT (Land and Building Transaction Tax).


The property is held on a Heritable title (Scottish equivalent of English freehold).

Rateable Value

According to the Scottish Assessor’s website ( the subjects have a Rateable Value of £5,400 effective 1st April 2023.

The threshold for full rates relief under the Small Business Bonus Scheme has changed for the financial year 2024/25.  For properties with a RV between £12,001 and £15,000 the award is now 25%.  The uniform business rate for the current year is £0.498 pence in the pound.


The property is served by mains electricity and water.

Energy Performance Certificate

The Energy Performance Certificate rating is C.

A copy of the recommendation report is available on request.


VAT is not applicable to the purchase price.

Legal Costs

Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.

Anti-Money Laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017.  This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.


Upon completion of a formal missive under Scots Law.

Iain W. Mercer

Director of Commercial Agency
Bernadetta Majewska

Commercial Surveyor - Agency and Valuation

Enquire about this property

"*" indicates required fields

Retail and Leisure Agency Team of the Year – Finalist

Retail and Leisure Team of the Year – Finalist

Industrial Agency Team of the Year - Finalist

Business Resilience Award – Finalist

I recently used Allied Surveyors for the very first time and was extremely impressed with the service provided. From the initial marketing aspect to them finding a very suitable tenant to lease my premises in Edinburgh. The whole process was run smoothly and very efficiently start to finish

Iain and his wider team recently sold two of our commercial properties in the Borders region for us. An excellent, very efficient and first-class service. Very pro-active in moving the sales along to conclusion. Highly recommended.

Iain, Berndetta and Lauren provided a seamless and thoroughly professional service during our recent commercial letting in Edinburgh. A fantastic experience and I’d have no hesitation in working with their team again.

Ellie is fantastic to work with. She goes over and above to ensure all our needs were met, right from the initial contact through to completion. She is thorough, professional and works hard to meet deadlines. A pleasure to work with. Thank you.

I have huge thanks for Simon and all at Allied Surveyors who are just the most wonderful company to deal with. Buying/selling a home can be a complex process and to give someone your time is such a simple thing yet often lost in the current world, Simon at Allied has given us just that as well as mountains of advice and a sharing of his knowledge. Thanks Again

We have just used Allied Surveyors for EPC for our properties on the Isle of Mull and found them to be excellent throughout the process. All contacts were friendly, clear, efficient and courteous and the surveyor was very knowledgeable and considered in his work on site. Would not hesitate to recommend them.

Never had an issue with Allied Surveyors. Mrs E Henderson was brilliant both with buying and selling my previous and current property. Would always use them as my first choice.

Quick and efficient service from Andy and his team - just as they said they would do. Special mention to Andy as he was actually on his holidays when he initially responded.

Allan from Allied Stirling has done a few home report surveys for us in recent years. He has always been honest, thorough and professional. And decent value for money. I highly recommend him.

We’re here to help.

If you have a question about any of our other services please fill in the enquiry form or call one of our offices.