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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

Previously operated as a Café - Freehold Sale - Full ownership - Commercial Property available in prime location on Bank Street. Good Transport Links - Parking available to the front of the unit.

Available for Immediate Occupation - Bank street is a busy street and this shop affords excellent road frontage - Potential for Residential Conversion (subject to consents). NEW TO MARKET.

The property comprises a mid terraced single storey commercial premises within a traditional town centre setting. Self contained commercial premises with conversion opportunity

Galashiels is situated off the A7 amidst the picturesque Borders countryside and lies approximately 18 miles from Peebles, 40 miles south of Edinburgh and 58 miles north of Carlisle.

Galashiels is generally considered to be the principal administrative, retail and social centre for the region effectively serving a population of in excess of 115,000 persons.

Previously operated as a Café - Freehold Sale - Full ownership - Commercial Property available in prime location on Bank Street. Good Transport Links - Parking available to the front of the unit. The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following approximate areas: Total - 46.85 Sq.M / 504.28 Sq.Ft The subjects occupy a prominent position just off the High Street. Bank Street forms one of the main arterial routes through the town. Nearby occupiers include Unite, Tesco Extra, Vodafone, ASDA, The Pavilion Cinema, Citizens Advice Bureau and The Great Tapestry of Scotland. Freehold Commercial Sale. According to the Scottish Assessor's website (the subjects have a Rateable Value of £6,100 effective 1st April 2023. 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.

Galashiels is a busy Scottish market town located in the Borders some 30 miles south of Edinburgh and 30 miles west of Berwick Upon Tweed. The town has a resident population of some 14,000 persons. Communication links are provided via a direct train line to Edinburgh and also the A7 trunk road which links to Edinburgh, Hawick and Carlisle. Galashiels is generally considered to be the principal administrative, retail and social centre for the region effectively serving a population of in excess of 115,000. Galashiels and District has a population of approximately 14,970 according to the 2021 Census, a slight increase of that recorded at the 2011 Census (14,590). There is a significant student population within the town with campuses of Heriot Watt University and Borders College. Borders General Hospital also has close training ties with a number of the Edinburgh universities. Within recent years Galashiels has benefitted from considerable public and private investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre and significant transport infrastructure works including the Galashiels Inner Relief Road.

Full Address: 11 Bank Street, Galashiels, Scottish Borders, TD1 1EN

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Pricing Information & Bidding

Opening Bid: £55,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 26 June 2025, 10am-3pm
Type: Timed Online Auction

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