24 High Street, Hawick, Roxburghshire, TD9 9EH
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- SECTOR
High street retail property for sale
Key features
- Vacant Commercial Unit - High Street Location
- Potential Rental Value in Region of £350pcm - Yield of 17.5% at Guide Price
- Ideal Investment Opportunity
Description
Fantastic Opportunity to acquire a potentially High Yielding Property in Hawick Town Centre***Estimated Potential Rental Income of £4,200 pa***Incredible Yield of 17.5% based on Guide Price***Circa 47.4sqm***
In 2019 Plans were announced to invest over £50 million to refurbish properties in selected town centres in Scotland - Hawick being one of them. 24 High Street is one of six iconic buildings in Hawick to benefit from the scheme funded by Historic Environment Scotland, Scottish Borders Council and the South of Scotland Economic Partnership***
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.
Vacant commercial unit on Hawick High Street
Potential rental value in the region of £350pcm - yield of 17.5% at Guide Price
Circa 47.4sqm
Ideal investment opportunity or for use as owner-occupier
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
Recent Sales Include**78 High Street Sold £39k (Jun 18)**43 High Street Sold £62.5k (Sep 16)** 15 High Street Sold £68.5k (Sep 16)
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Brochures
24 High Street, Hawick, Roxburghshire, TD9 9EH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tweedbank Station12.8 miles
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Notes
Disclaimer - Property reference 244870. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auctions Scotland Limited, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auctions Scotland Limited, Glasgow on 01409 335799.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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