Commercial Premise at 5 Abbey Place, Jedburgh, TD8 6BE

5 Abbey Place offers a fantastic opportunity to purchase a charming ground-floor retail unit located in a traditional building dating back to around 1800. Previously operating as a café (Class 3 use), this end-terraced property provides a modest, open-plan space of 327sqft, making it ideal for a variety of retail or hospitality ventures.

The unit features a large timber-framed display window at the front and a smaller window to the side, allowing for plenty of natural light. Although situated in a secondary location within the southern part of Jedburgh's town centre, it benefits from pedestrian traffic, especially during the tourist season when visitors flock to the nearby Jedburgh Abbey. While the property doesn’t offer private parking, on-street parking is available directly outside, and unmetered parking is nearby.

This is a great opportunity for small businesses seeking a low-cost space with the potential to attract foot traffic, especially during the busy seasons. Whether you’re looking to set up a café, retail shop, or another type of business, 5 Abbey Place offers the flexibility and potential you need whilst wlso falling below the rates threshold, improving affordability to occupiers.

The property also represents a fantastic investment opportunity with potential for a strong rental yield. The current owner would consider leasing the property a suitable tenant was identified.

Rateable Value:
According to the Scottish Assessor's website (the subjects have a Rateable Value of £2,950 effective 1st April 2023. The uniform business rate for the current year is £0.498 pence in the pound. 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.