Shop Unit at 42 Northgate, Peebles, EH45 8BZ

TO LET - A deceptively sizeable retail unit in a small terrace of similar commercial units and close to the entrance to Sainsbury’s

Retail - Peebles

A ground floor retail unit, with good sized front/main shop and bright, smaller rear shop with large velux window; store/staff room; and WC.

LOCATION

A good location to the north of the town centre, close to the entrance to Sainsbury’s, with other retail, food and service businesses surrounding.

AREAS

Areas can be summarised as follows:

Room                                        Sqm

Main Shop                                 22.9

Rear Shop                                   11.1

Store/ & WC                                6.9

Totals                                         40.9

RATING

The Scottish Assessors Association have entered the subjects in the current Valuation Roll as a “Shop”, with a Rateable Value, as of 1 April 2023, of £6,400. As such, the property may qualify for Small Business Rates Relief at the rate of 100% relief.

SERVICES

Mains electricity, mains water and mains drainage.

TERMS

Assignation of the current Full Repairing and Insuring (FRI) lease, being a 10 year lease, entered into on 1 October 2019. A new lease, or lease extension terms may be available. Further details on request.

PLANNING

Planning Use Class for the property, in accordance with The Town and Country Planning (General Permitted Development and Use Classes) (Scotland) Miscellaneous Amendment Order 2023, is “Class 1A – Shops and financial, professional and other services”.

ENTRY

Entry available as at 1 April 2025.

VAT

There is no VAT applicable on the rent.

ASKING RENT

An asking rent of £725 per month (£8,700 per annum) is sought.  Landlord’s insurance premium for buildings insurance will be payable by the Tenant in addition.

LEGAL COSTS

Each party to bear their own legal costs for the documentation of this transaction, however the ingoing tenants will be liable for any LBTT, Registration Dues and any VAT incurred thereon.

VIEWINGS AND FURTHER INFORMATION

For further information or to arrange an appointment to view please contact Walker Scott Ireland Ltd. Viewing is strictly by appointment.  Interested parties are advised to note interest with Walker Scott Ireland Ltd in order to be kept informed of any closing date that is set. Please note, our client need not accept the highest offer, nor indeed any offer.

PHOTOGRAPHS

Photographs taken in January 2025

CONNECTED PARTIES

Walker Scott Ireland Ltd is a connected party to the property Landlord.