Lying on the Ettrick Water in the Scottish Borders, the market town of Selkirk has a resident population of approximately 4,500 people. With strong transport links in close proximity, the A7 arterial route and the A68 trunk road provide access to Edinburgh (46 miles north) and Newcastle (74 miles south) respectively.
The subjects are positioned on Market Place, the main thoroughfare though the town, which leads onto High Street. Free parking is available directly across from the property at West Port Car Park.
Built around 1860, the subjects comprise the ground floor of 2-storey (and attic) property. Laid out as a traditional bank with banking counter, manager's office, small meeting room to the front, many original features have been retained. The staff facilities and storage rooms to the rear of the property are separated by the common corridor, including toilets, shared with office suites on upper floors, with access via the side entrance.
In addition to the ground floor, the property also includes an outbuilding and private car park to the rear, capable of accommodating around 10 cars.
Offers over £105,000 are invited for our client’s Heritable interest.
Ground Floor 1,700 sq ft
We are verbally informed by the Local Rating Authority that the current Rateable Value of the unit is £12,900. The UBR for 2022/2023 is 49.8p and the Rates Payable are £6,424.20. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
Each party will be responsible for their own legal costs incurred in documenting the transaction. The ingoing purchaser/tenant will be responsible for any Land and Buildings Transaction Tax (LBTT) and Registration Dues, if applicable.