Lot 103i

Guide Price: £85,000 - Bid Now

 Portfolio of 3 Flats, Hawick Scottish Borders, TD9 0HX


Key Features:

Rental Producing Portfolio Comprising 3 Traditional Flats Which Have Undergone Internal Refurbishment Located within the Popular Buy To Let area of Hawick, Scottish Borders.


  • Currently Producing a Rental of £7,800 per Annum with 2 of the 3 Flats Currently Tenanted on Short Assured Rental Agreements. Properties currently let out for £325pcm
  • Fully Tenanted the portfolio would generate £11,700 per annum which would provide a Gross rental yield of 12% if achieved for Guide price.
  • The portfolio Consists of 3 x 1 Bedroom, Flats: 15E Lothain Street - Tenanted 12-1 Gladstone Street - Tenanted 18 Gladstone Street - Empty
  • Hawick boasts a variety of shops and recreational pursuits such as golf, tennis, countryside walks and fishing. There is regular public transport into the town centre. Burnfoot Primary School is in very close proximity and Hawick High School offering a high degree of primary and secondary education.

Tenancy Details:


Type of Agreement Short Assured Tenancy (SAT)
Length (SAT) Rolling Month to month
Rent £7,800 per year / £650 per month
Yield 9.2% (at guide price)
Tenant Private Individual
Notes: Tenancy agreements can be obtained via contacting our Edinburgh Sales office.

Description:

Rental Producing Portfolio Comprising 3 Traditional Flats Which Have Undergone Internal Refurbishment Located within the Popular Buy To Let area of Hawick, Scottish Borders. Currently Producing a Rental of £7,800 per Annum with 2 of the 3 Flats Currently Tenanted on Short Assured Rental Agreements. Properties currently let out for £325pcm 15E Lothain Street Comprises: Living Room, Bedroom, Kitchen and Shower room with W/C 12-1 Gladstone Street Comprises: Living Room, Bedroom, Kitchen and bathroom. 18 Gladstone Street Comprises: Living Room, Bedroom, Kitchen and bathroom. Fully Tenanted the portfolio would generate £11,700 per annum which would provide a Gross rental yield of 12% if achieved for Guide price.

Location:


Hawick boasts a variety of shops and recreational pursuits such as golf, tennis, countryside walks and fishing. There is regular public transport into the town centre. Burnfoot Primary School is in very close proximity and Hawick High School offering a high degree of primary and secondary education.

Rateable Value:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.

Guide Price: £85,000 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    01 August 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.