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Lot 305a

Guide Price: £275,000 - Bid Now

 Portfolio of 9 Flats in Hawick, Hawick Scottish Borders, TD9 9QX


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Key Features:

**SUPERB TURN KEY INVESTMENT OPPORTUNITY** Portfolio of 9 flats in the popular borders town of Hawick. Portfolio benefits from 100% occupancy and sure to appeal to a number of investors in the area.


  • Portfolio of 9 tenanted Flats which produces an income of £2,827pcm which provides an annual income of £33,924 and offs a superb yield of over 12% if achieved for guide price.
  • Portfolio comprises 5 x 1 bed, 2 x 2 bed and 2 x 3 beds.
  • For further details regarding this portfolio please contact our Edinburgh Sales Office on 0131 225 2299. Details of leases available upon request.
  • 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.


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.
Rateable Value

Search Council Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.

Tenancy Details:


Type of Agreement Private Residential Tenancy (PRT)
Length
Rent £33,912 per year / £2,826 per month
Yield 12.3% (at guide price)
Tenant Private Individual
Notes:

Full Details:

**SUPERB TURN KEY INVESTMENT OPPORTUNITY** Portfolio of 9 flats in the popular borders town of Hawick. Portfolio benefits from 100% occupancy and sure to appeal to a number of investors in the area. 7-2 Laidlaw Terrace Hawick TD9 9QX - 1 bedroom - Ground floor flat. Great location for walking distance to all amenities 16 Beattie Court Hawick TD9 8HW - Top floor three bed flat. New windows recently installed, Gas central heating throughout. 28 Mclaren Court Hawick TD9 8HN - 3 Bedroom - A freshly decorated, Gas central heating and Double Glazing throughout 1G Teviotdale Court Hawick TD9 8HZ – 2 bedroom newly refurbished Property with Gas Central Heating and Double Glazing. 3-1 Laing Terrace Hawick TD9 7AB – 1 bedroom Ground Floor Flat with Main Door Entrance benefiting from Gas Central Heating. 10-4 Buccleuch Street Hawick TD9 0HW – Top Floor, one bedroom property, Double Glazing and electric heating. 21 Mclaren Court Hawick TD9 8HN – 1 bedroom - Benefits include gas central heating and double glazing. 28B Trinity Street Hawick TD9 9NS - This top floor bedsit benefitting from separate shower room, Double Glazing & Electric Heating. 21-5 Lothian Street Hawick TD9 9HD 2 bedroom recently decorated flat in a wonderful location. Further benefits from a free car park and Electric Heating

Guide Price: £275,000 - Bid Now


What is a Guide Price...

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. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

You may submit an offer now on this property for the owner 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.

Map & 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.

Viewings:


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.

Auction Details:



  • Auction Date...

    07 February 2019


  • Start Time...

    7.00pm


  • Auction Location...

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions...

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.

How To Bid:


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