Huggins Haig Gallery and Studio, Bridge Street, Kelso, TD5 7JD
Guide Price £350,000
About the property
The subjects comprise a category-B listed building extending to three-storeys and a basement with dual entrances of Bridge Street and Abbey Row. The main building dates back to 1608 and prior to its most recent use it was used in part as a domestic residence. Despite the age of the property, the fabric of it is in excellent condition both internally and externally having been fully refurbished in recent years.
The property is available with vacant possession but, until recently, was home for over 10 years to the Tony Huggins-Haig Art Gallery. The building is configured to suit this type of use with 5 distinct gallery/studio areas which sprawl across the various floors of the property. The lighting throughout is LED and provides a mix of recessed and tracked fittings, whilst flooring is predominately a good quality hardwood or laminate.
The ground floor contains galleries 1 and 2 plus a bright and welcoming reception area; including a disabled access ramp. Gallery 1 is to the rear and is contained within a single storey converted garage which has double entrance doors off Abbey Row where there is a decked and concrete area which is also suitable for retail space. The basement is accessed behind the reception counter and provides generous storage space.
A curved staircase with wooden balustrade leads to the upper floors. Gallery 3, with an adjoining store, is on a half landing before reaching the first floor where there is gallery 4, an events room and a further store/small office. Gallery 5 is on the second floor with a private office, kitchen and store just off to the side. Steps lead down to further accommodation which includes a workshop/prep area and WC.
All of the gallery spaces enjoy plenty of natural daylight due to the window units facing over Bridge Street. The rooms on the second floor have velux windows.
•Extensive and diverse art gallery/studio premises
•Located within a popular and sought-after Borders market town
•Superb owner occupier/buy-to-let opportunity
•Currently Class 1 (Retail) but may suit alternative uses (subject to planning)
•Qualifies for 100% business rates relief
•Extends to approximately 288 sq m (3,100 ft)
Kelso is a popular and sought-after market town with a local population of around 6,300 people situated 43 miles south-east of Edinburgh and 18 miles to the east of Galashiels.
It lies at the meeting point of the Tweed and Teviot rivers and its notable features include Floors Castle, the Flemish style cobbled square (the largest market square in Scotland) and the 12th Century Abbey.
Bridge Street (A699) is situated just off The Square, the heart of the town’s retail and commercial area. There is a good mix of businesses including local and national companies, offices, hotels and restaurants.
According to our recent measurement survey the subjects comprise the following approximate net internal area:
288 sq m (3,100 sq ft)
We understand the premises has a Class 1 (Retail) use.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,829. The uniform business rate for the current year is £0.484 pence in the pound. For properties with a Rateable Value of £15,000 and under occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme, depending on individual circumstances.
Mains electricity and water. There is no gas but there is a connection to the boundary. There is also an integrated burglar alarm and CCTV.
Energy Performance Certificate
The Energy Performance rating is pending.
Each party will be responsible for their own legal costs incurred in the transaction with the purchaser liable for any LBTT or VAT applicable.
On completion of legal formalities.
JOINT AGENTS & VIEWINGS
By appointment through the joint selling agents Allied Surveyors Scotland and Hastings Legal. To arrange a viewing call Hastings Legal on 01573-225999-lines open until 10pm 7 days a week.