Abbey Street, Melrose, TD6

This shop is situated in a prominent position at the junction of Buccleuch Street and Abbey Street directly to the south of Melrose Abbey within Melrose town centre.

Melrose is an historic town with a population of 2,307 according to the 2011 population census. It is an attractive town located in the central borders, approximately 4.5 miles east of Galashiels. The settlement has a relatively affluent catchment and benefits from a significant level of seasonal tourist trade. It benefits from all local amenities and has a good range of independent shops and restaurants.

It is conveniently located for access to the other towns in the central borders with good connectivity to the national roads network via the A68 trunk road and the A7 arterial route. The southern terminus of the newly re-established borders railway linking the central border to Edinburgh is at Tweedbank station approximately 1.5 miles west.

DESCRIPTION
A well-positioned ground floor retail unit with excellent window frontage to Abbey Street at the junction with Buccleuch Street.

The premises occupy the ground floor of a two storey Category C Listed Cottage believed to date to around 1875, which has been converted to provide a retail unit with traditional shop frontage to Abbey Street.

The unit is adjacent to the grounds of Melrose Abbey and will benefit from a good degree of footfall with visitors to the Abbey, Harmony House and Gardens and Priorwood Gardens. One of the principal Coach and car parks serving the town is opposite and the one-way system in Melrose also means there is a good level of visibility from passing traffic

ACCOMMODATION
The accommodation comprises:
Single fronted shop with glazed offset entrance door, retaining many original features including the bay window to the north elevation looking out to Melrose Abbey, rear door leading to Priorwood Gardens; communal kitchen; store room; communal rear hall with WC off.

SERVICES
Mains electricity, drainage and water

RATEABLE VALUE
The subjects are currently assessed to a Rateable Value of £12,300 effective from 01-April-2023.

Small Business Rates Relief Scheme (SBRR) currently provides up to 100% rates relief for units with a Rateable Value of £12,000 or less based on the combined total of all the occupiers business premises within Scotland (subject to application and eligibility). This relief is reviewed annually in accordance with the budget.

EPC
Energy Performance Rating: G

Lease Terms
Available by way of a new Internal Repairing only lease.

In the normal manner, the in-going tenant will be liable for any land and buildings transaction tax, registration dues and VAT thereon. 

VAT
Unless otherwise stated the prices quoted are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.

Legal Costs
Each party will be responsible for their own legal costs incurred in connection with this transaction

VIEWING
By appointment with the sole agents.
Edwin Thompson, Chartered Surveyors

IMPORTANT NOTICE
Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.
2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their correctness.
3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.
4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.
5. Edwin Thompson is the generic trading name for Edwin Thompson Property Services Limited, a Limited Company registered in England and Wales (no.07428207). Registered office:28 St John’s Street, Keswick, Cumbria, CA12 5A