For Sale

Under Offer
Other
Former Boiler House and Engine Shed, Ballantyne Place, March Street Mill, Peebles, EH45 8ER
Tenure: For Sale
Size: n/a
Price: Offers Over £120,000

Key Features

  • Historic Boiler House and Engine Shed offering a unique conversion opportunity
  • May suit a range of commercial end uses such as design studio, office, café, community space or distillery (subject to planning)
  • Forming part of a regeneration project delivering 50 houses and flats on the site of the former March Street Mill
  • Accessed from Ballantyne Place and benefitting from 9 allocated parking spaces
  • Situated 25 miles south of Edinburgh City Centre/700m north of Peebles High Street

The subjects comprise the former Boiler House and Engine House of the historic March Street Mill.  Arranged over lower ground floor, ground floor and mezzanine level they are of traditional stone construction surmounted by a pitched slate roof.

The wider site is currently subject to a detailed planning application by Whiteburn Projects to develop 50 houses and flats.  The Boiler House and Engine House, situated to the north of the site, are being retained and made available for employment uses.   

The engines and boiler have been stripped out of both buildings and now present a unique and exciting opportunity to convert the buildings suitable for a range of commercial uses.

Access will be from Ballantyne Place and 9 allocated parking spaces will be made available.

Peebles is an affluent and thriving market town located set on the River Tweed located in the Scottish Borders and benefitting from access via the A703 Edinburgh Road.

With a resident population of around 10,000 people, the town lies approximately 25 miles south of Edinburgh making it popular with commuters and visitors. 

The town’s high street features an eclectic range of local, national and independent retailers such as Costa Coffee, Boots, Greggs, Bank of Scotland, Time & Tide and Trespass.  There is a Tesco Supermarket nearby whilst the surrounding area is predominately residential in nature.

The subject property is approximately 700m north of the High Street on Ballantyne Place which connects with Dovecot Road.

Accommodation

According to our recent measurement survey the premises contain the following approximate gross internal areas:

Boiler House

Sq M

Sq FT

Lower Ground Floor

303

3,261*

Ground Floor

237

2,551**

Total Approx GIA

540

5,812

 

 

 

Engine Shed

Sq M

Sq FT

Lower Ground Floor

63

678

Ground Floor

67

721

Total Approx. GIA

130

1,399

 

 

 

Grand Total Approx. GIA

670

7,211

*Room at base of chimney not provided

** 175 sq m if existing void kept

Car parking

9 parking spaces have been allocated to the Boiler House and Engine Shed.

PRICE

Our client is seeking offers over £120,000 for the heritable interest in the subjects.

Tenure

Heritable (Scottish equivalent of freehold).

Town planning

The subjects form part of a planning application undertaken by Whiteburn Projects: 23/00884/FUL Residential development comprising 50 houses and flats with associated works and change of use to boiler house/engine shed to commercial use.

The boiler house/engine shed is being made available for commercial end use as per the 2020 Proposed Local Development Plan, which was recommended for adoption by Scottish Borders Council with the March Street Mill site under reference MPEEB007.  The eventual purchaser will be responsible for securing the necessary planning consent for their intended use(s).

Interested parties who are considering alternative uses are invited to make their own enquiries with the planning department of Scottish Borders Council.

Utilities

The site is served by mains electricity and includes a sub-station which, due to the historic nature of the site, carries a significant power supply.  In addition, the site is connected to mains gas and water.

It is anticipated the subjects will be metered separately from the rest of the site.

Rateable value

The premises will require to be reassessed by the District Valuer upon completion of the developer’s works.

Energy performance certificate

An Energy Performance Certificate will be provided on completion of the developer’s works.

Legal costs

Each party shall bear their own legal costs with the eventual purchaser liable for any Land and Building Transaction Tax (LBTT), VAT and Registration Dues.

Viewing and further information

By appointment through the joint selling agents, Allied Surveyors Scotland plc and Cullen Kilshaw.

Iain W. Mercer BA, AssocRICS

Director of Commercial Agency (East)

 

0131 357 4455 / 07133 626 887

Iain.mercer@alliedsurveyorsscotland.com

 

Bernadetta Majewska BSc (Hons)

Graduate Surveyor

 

0131 357 4455 / 07917 924 112

Bernadetta.majewska@alliedsurveyorsscotland.com

 

David Kilshaw

Managing Director

Cullen Kilshaw

 

01896 800800

David@cullenkilshaw.com

Lauren Brown

Sales Negotiator

Cullen Kilshaw

 

01450 372 336

lauren@cullenkilshaw.com

Iain W. Mercer

Director of Commercial Agency
Bernadetta Majewska

Commercial Surveyor - Agency and Valuation

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