Page 34 - Shepherd Commercial Auctions - Catalogue 22/02/2024

Lot 30 9-11 High Street, Galashiels, Selkirkshire TD1 1RY Former Bank premises
Features
• Located in the heart of Galashiels
• Arranged over ground and first floors • Potential for redevelopment
• Total NIA 176.5 sq. m. (1,900 sq. ft.)
Description
The subjects comprise a multi-windowed corner Class 1A premises arranged over the ground & first-floors of a four storey, traditional red sandstone building. There are three entrance points, with two leading into the ground floor retail/office accommodation and the other provide access to a stairwell to the first-floor accommodation. The subjects benefit from large casement displays windows facing onto the High Street.
Accommodation
Internally the accommodation was formally used as a bank premises and therefore presents as such throughout, offering a variety of office space, storage rooms and W.C. facilities at ground level, with additional offices on the first floor.
The premises would be suitable for residential/mixed-use redevelopment, subject to obtaining the necessary planning consents.
Location
Galashiels is located approximately 35 miles south of Edinburgh City Centre and is the largest town in the Scottish Borders. The town is considered to be the principal administrative and retail centre for the region, with a resident population of approximately 115,000. Galashiels is also well connected to the central belt via the A7 and takes approximately 1 hour by car and rail to travel to/from Edinburgh City Centre.
The premises occupies a prominent corner position on the east end of the High Street within the heart of Galashiels town centre. The subjects therefore benefit from high volumes of pedestrian and vehicular traffic passing through the town’s primary commercial facilities.
Planning
The subjects were formally used as a bank premises and therefore benefit from Class 1A consent, all in terms of the Town and Country Planning (Use Classes) (Scotland) Order 1997.
Rateable Value
The property has a rateable value of £16,100.
*Guide Price £110,000 (plus fees if applicable)
34 * Please see Buyer’s Terms for definition of guide price and auction fees
Energy Performance Rating To be confirmed.
Auction Type
Unconditional Sale - The buyers fee is 3.6% inc VAT(3% plus VAT) subject to a minimum of £3,600 inc VAT(£3,000 plus VAT).