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1 Scotts Pl

242 SF Retail Condo Unit Offered at $43,484 in Melrose TD6 9QZ

Investment Highlights

  • Good Transport Links
  • Daytime Foot Traffic
  • Access via A6091

Executive Summary

The shop the situated on the corner of Scotts Place and Dingleton Road at its junction with Market Square just southeast of Melrose Town Centre. Melrose is a historic town with a population of 2,473 according to the 2022 Population Census. This represents an increase of around 7.20% over that recorded at the 2011 Population Census (2,307). Melrose is an attractive town located in the Central Borders approximately 4.5 miles east of Galashiels. The settlement has a relatively affluent catchment area and benefits from a significant level of seasonal tourist trade. The town benefits from all local amenities and has a good range of shops and restaurants. The town is steeped in history, located within the Tweed Valley in the foreground of the three peaks of the Eildon Hills, one of the most distinctive landmarks within the Scottish Borders. It is an attractive town with visitor attractions including Melrose Abbey, a magnificent ruin founded by Kind David I in 1136, as the first Cistercian monastery in Scotland. Following damage through the wars of independence the Abbey was substantially re-built during the 1380’s. It continued in use as an Abbey until the protestant reformation of 1560. The Abbey grounds are reported to the burial place of Robert the Bruce’s heart. Melrose is a highly sought after residential town well renowned as the birthplace of Rugby Sevens with an annual tournament in the spring. There is an influx of seasonal visitors to the area during the summer months. The town is conveniently located for access to the other main towns within the Central Borders. It benefits from good connectivity with links to the National Roads Network via the A68 Trunk Road and the A7 Arterial Route. The southern terminus of the recently re-established Borders Railway linking the Central Borders to Edinburgh Waverly is Tweedbank Station approximately 1.5 miles west.

Property Facts Sale Pending

Price $43,484
Unit Size 242 SF
No. Units 1
Total Building Size 500 SF
Property Type Retail (Condo)
Property Subtype Retail
Sale Type Owner User
Floors 2
Typical Floor Size 250 SF
Year Built 1950

1 Unit Available

Unit G 1 Scott

Unit Size 242 SF
Price $43,484
Price Per SF $179.69
Condo Use Retail
Sale Type Owner User
Tenure Freehold/Long Leasehold
Description

A ground floor retail unit with good window frontage to Scott Place and Dingleton Road in a secondary trading position to the southeast of the town. This is a double fronted unit, one of two shops, forming part of the ground floor of a two storey plus attic level detached building which is of traditional construction under a pitched roof clad in slate. It has a painted rendered finish to ground floor level with central timber panelled access door with nine pane upper panel. The northwestern corner is angled providing display frontage down Dingleton Road. Internally the unit provides a relatively compact versatile retail space.

Sale Notes

Offers over £35,000 are invited

  • Listing ID: 34026679

  • Date on Market: 11/28/2024

  • Last Updated:

  • Address: 1 Scotts Pl, Melrose TD6 9QZ

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