Commercial Portfolio: 22 and 24 Woodmarket, Kelso, TD5 7AX

Situated within the heart of Kelso, on the northwest side of Woodmarket, 22 and 24 Woodmarket offer a fantastic opportunity to acquire two mid-terraced retail units - one of which is currently let and offers immediate income. With high levels of passing footfall, these units would be suited to a variety of business uses and should be of particular interest to commercial investors looking to expand their portfolios. Both units are brought to the market in a well-maintained condition and offer ground level show rooms/retail space with the additional benefit of private basement stores and a shared WC.

22 Woodmarket, Kelso, TD5 7AX

Number 22 Woodmarket is brought to the market in good condition throughout and is subject to an occupational FRI lease - currently operating as a Vape shop and receiving a rental income of £3,500 per annum + VAT. The lease is dated 31st March 2023 and is for a term of 3 years with break clauses offered to the tenant only.  

24 Woodmarket, Kelso, TD5 7AX

24 Woodmarket is offered with vacant possession, having most recently been utilised as an art store, and would market to a variety of commercial tenants and/or buyers seeking retail or office space. It is projected that number 24 would obtain a higher rental value due to its larger internal area.

Rateable Value

The Scottish Assessors Association website (for which we can accept no responsibility for accuracy) indicates that the properties are included in the current Valuation Roll with Rateable Values of £4,850 and £5,200 respectively. The Uniform Business Rate for the year 2023/24 is £0.498.