Shop to rent
Letting details
- Availability date: 1 Apr 2025
- Unfurnished
Features and description
- A double display window frontage with westerly aspect
- Main shop of approximately 22.9 sqm (246 sqft)
- Rear shop of approximately 11.1 sqm (119 sqft)
- Store/staff room; and WC
- Assignation of existing Full Repairing and Insuring Lease
- EPC Rating – EPC pending
LOCATION
A good location to the north of the town centre, close to the entrance to Sainsbury’s, with other retail, food and service businesses surrounding.
DESCRIPTION
A ground floor retail unit, with good sized front/main shop and bright, smaller rear shop with large velux window; store/staff room; and WC.
AREAS
Areas can be summarised as follows:
Main Shop - 22.9 sqm
Rear Shop - 11.1 sqm
Store/ & WC - 6.9 sqm
Totals - 40.9 sqm
RATING
The Scottish Assessors Association have entered the subjects in the current Valuation Roll as a "Shop", with a Rateable Value, as of 1 April 2023, of £6,400. As such, the property may qualify for Small Business Rates Relief at the rate of 100% relief.
SERVICES
Mains electricity, mains water and mains drainage.
TERMS
Assignation of the current Full Repairing and Insuring (FRI) lease, being a 10 year lease, entered into on 1 October 2019. A new lease, or lease extension terms may be available. Further details on request.
PLANNING
Planning Use Class for the property, in accordance with The Town and Country Planning (General Permitted Development and Use Classes) (Scotland) Miscellaneous Amendment Order 2023, is “Class 1A - Shops and financial, professional and other services”.
ENTRY
Entry available as at 1 April 2025.
VAT
There is no VAT applicable on the rent.
ASKING RENT
An asking rent of £725 per month (£8,700 per annum) is sought. Landlord's insurance premium for buildings insurance will be payable by the Tenant in addition.
LEGAL COSTS
Each party to bear their own legal costs for the documentation of this transaction, however the ingoing tenants will be liable for any LBTT, Registration Dues and any VAT incurred thereon.
VIEWINGS AND FURTHER INFORMATION
For further information or to arrange an appointment to view please contact Walker Scott Ireland Ltd. Viewing is strictly by appointment. Interested parties are advised to note interest with Walker Scott Ireland Ltd in order to be kept informed of any closing date that is set. Please note, our client need not accept the highest offer, nor indeed any offer.
PHOTOGRAPHS
Photographs taken in January 2025
CONNECTED PARTIES
Walker Scott Ireland Ltd is a connected party to the property Landlord.
About this agent
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Edinburgh, on the western side of the Scottish Borders area and supports a rich diversity of people and property. The business is well set to serve the
property needs of clients both locally and nationally. Bright, south facing and with external elegance, the Walker Scott Ireland office is situated in a prime
location on Peebles High Street. The double fronted layout allows for prominent property displays. The internal layout is warm, welcoming and a... Show more