For Sale

The subjects from part of a 3-storey, B-listed stone built tenement comprising a large, mixed-use retail/warehouse unit arranged over ground floor. Lying in an optimum position on the High Street, the property offers a fantastic opportunity for a variety of businesses or, perhaps, an investor/owner occupier to expand their current portfolio.

Benefitting from two large street-facing display windows, the front unit comprises of a retail style shop with warehouse and stores to the rear. The main shop is well presented and benefits from high ceilings as well as a bright and spacious working environment. To the rear is a warehouse style unit, currently being used as an auction house, enjoying an abundance of natural daylight by way of three large single glazed metal framed windows, as well as glazed double doors at the rear side. Proceeding through the warehouse, there is a further section of building that is currently used as additional ancillary storage accommodation as well as a WC facility.

There is a further pedestrian entrance door to the rear of this section which leads out into a small external courtyard.

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.  It boasts a range of attractions including Jedburgh Abbey, Jedburgh Castle and Jedburgh Castle Jail.

The town itself is justifiably known as the ‘Jewel of the Borders’ and has a great community spirit with a variety of independent shops, restaurants, cafes and leisure facilities. There are also two primary schools and a high school.

The property is situated at the north end of the High Street close to Jewellers Wynd.  Nearby occupiers include Bank of Scotland, Co-op Foodstore, Royal Bank of Scotland and Post Office.

Accommodation

According to our recent measurement survey the premises contains the following net internal areas:

Guide price

Our client is seeking offers of £150,000 for the benefit of their heritable title.

Rateable value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £16,000 effective 1st April 2017. The uniform business rate for the current year is 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.

Energy performance rating

The EPC rating is pending.

A copy of the recommendation report will be provided on request.

Services

The property is serviced by mains electricity, water and drainage.

There is a gas point in the rear yard which is not yet connected to the internal premises but would be ready to connect if required.

Legal costs

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

Entry

Upon completion of a missive under Scots Law.