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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

HIGH YIELD TENANTED COMMERCIAL INVESTMENT in prime trading position within the popular town of Hawick. Tenanted retail unit generating rental income of £6,000pa on FRI lease REDUCED FOR AUCTION.

*** EXCELLENT 11% yield PRIME INVESTMENT PROPERTY*** PRIME TRADING POSITION in popular town centre in busy High Street location. HIGHLY PROMINENT HIGH FOOTFALL LOCATION, recently renovated by owner.

SUPER SIZED UNIT PRESENTED IN EXCELLENT ORDER with new local business open and trading well. Set over ground floor measuring a total of approximately 43.5 sqm.

PROPERTY CONSISTS:- front shop, separate cloakroom/WC and staff area with small Kitchen. Commercial office / shop space located on an High Street location, ample passing footfall. Recently upgraded.

Hawick, the largest of the Border towns, with a population of over 14,000 lies on the banks of the River Teviot. The town is famous for its common riding, rugby and fine cashmere

HIGH YIELD TENANTED COMMERCIAL INVESTMENT in prime trading position within the popular town of Hawick. Tenanted retail unit generating rental income of £6,000pa on FRI lease REDUCED FOR AUCTION. *** EXCELLENT 11% yield PRIME INVESTMENT PROPERTY*** PRIME TRADING POSITION in popular town centre in busy High Street location. HIGHLY PROMINENT HIGH FOOTFALL LOCATION, recently renovated by owner. SUPER SIZED UNIT PRESENTED IN EXCELLENT ORDER with new local business open and trading well. Set over ground floor measuring a total of approximately 43.5 sqm. PROPERTY CONSISTS:- front shop, separate cloakroom/WC and staff area with small Kitchen. Commercial office / shop space located on an High Street location, ample passing footfall. Recently upgraded. Centrally located ground floor commercial unit that could be used for a variety of purposes due to its size and location. Front Shop 8.17 x 4.00 Neutral décor and large shop frontage. Electric heater. Carpet flooring and ample sockets and switches. Telephone point. WC 1.56 x 1.60 To the rear. Two piece suite of wash hand basin and WC. Wall mounted water heater and storage heater. Window to rear. Kitchen and Staff Area 3.97 x 2.09 Window to the rear. Electric heater. Neutral décor. Storage cupboard and small kitchen area with sink and water heater and storage.

Hawick, the largest of the Border towns, with a population of over 14,000 lies on the banks of the River Teviot. The town is famous for its common riding, rugby and fine cashmere companies such as Hawick Cashmere, Johnstons of Elgin, Lyle & Scott, and Pringle of Scotland. The town also provides an extensive choice of amenities ranging from a leisure centre, a variety of specialist independent shops including small supermarkets, and a selection of restaurants and hotels, mostly situated around the High Street. The A7 which runs through Hawick provides excellent links to Edinburgh or the north of England. The area is also served by the Borders Railway which runs from Tweedbank to Edinburgh, with the station lying approximately eighteen miles away. There is also a busy bus service with links to Carlisle, as well as Edinburgh and the other Border towns. The nearest major airports are at Edinburgh and Newcastle, which are both around 57 miles away offering flights across the UK and to a number of European and International destinations

Full Address: 30 High Street Tenanted Investment, Hawick, Scottish Borders, TD9  9EH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: February 2027
Rent: £6,000 per year / £500 per month
Yield: 9% (approx)
Tenant: Company
Notes: 5yr lease £500pcm runs to Feb 2027

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Pricing Information & Bidding

Opening Bid: £64,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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