Commercial Retail Property
Offers Around £49,000
A traditional retail premises offering development opportunity in a prominent and central position within Jedburgh – providing good footfall, close to tourist attractions and facilities, and adjacent to the town’s free car park and bus terminal. Previously a popular and well supported family newsagents, the premises hosts two main display areas, excellent storage, small office and W/C. The premises is a blank canvas ideal for further development.
The towns high street hosts a historic row of charming character stone-built properties lining the road to the Old Castle. The town of Jedburgh is justifiably known as the ‘Jewel of the Borders’ and has a great community spirit with a variety of well supported independent shops, restaurants, cafes, a swimming pool & fitness centre, Community & Arts Centre, two primary schools and local Grammar. The historical Royal Burgh of Jedburgh lies ten miles north of the border with England and is well situated with swift road links to both major airports at Edinburgh and Newcastle, and the main East Coast railway line is 35 miles distant at Berwick upon Tweed. Ideal for a commuter lying just off the A68 providing easy travel to further Border towns and recently opened Borders railway is 25 minutes away.
The subjects comprise a ground floor retail unit forming part of a mid-terrace, three-storey property constructed of traditional sandstone.
The retail unit benefits from a double window frontage and has an extensive mid-shop and rear area suitable for retail space and storage respectively. The front part of the premises is currently used as a pop-up shop selling books, bric-a-brac and household items. The mid-shop area is currently unused.
There is a small office within the front shop and staff WC facilities are contained to the back of the unit.
According to our recent measurement survey the subjects comprise the following approximate net internal area:
Retail Unit: 105 sq m (1,130 sq ft)
Our client is seeking £65,000 for the heritable interest in the subjects.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,782. 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.
The property has metered supplies of mains water and electricity.
The Energy Performance Certificate 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
By appointment through the joint selling agent, Hastings Legal.
28 The Square, Kelso Property Shop, Kelso : 01573 225 999
Whilst these particulars have been carefully prepared, no guarantee is given as to their accuracy and they shall not form part of any contract to follow hereon.