Property Description
The subjects comprise a single storey, detached property with four large display windows overlooking Bongate.
The property consists of a large showroom/office area with steps leading down to a workshop/store and WC.
There is double door rear access leading out to a small pend making this section ideal for deliveries.
Location
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 property is situated on Bongate a sought-after commercial area on the A68 leading into the town centre.
Nearby occupiers include Thomas Sherrif & Co, George Waugh Engineering and The Cashmere Shop.
Further Information
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
64.70 sq m (696 sq ft)
Rent
Our client is seeking offers in the region of £60,000 to sell the property or rental offers over £8,000 per annum.
Terms
The property is made flexible terms for a period to be agreed.
Alternatively, our client will consider a sale of their Heritable interest (Scottish equivalent to English freehold).
Rateable Value
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £3,500 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.
Utilities
The property is served by mains electricity and water.
Energy Performance Certificate
The Energy Performance Certificate rating is G.
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.
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.
Entry
Upon completion of a formal missive under Scots Law.
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