50 / 52 High Street Hawick Roxburghshire TD9 9EE

50 / 52 High Street
Hawick
Roxburghshire
TD9 9EE

Heritable Retail Investment

  • Comprises two retail units
  • No. 50 let to Scottish Midland Co-operative Society Limited t/a Semichem
  • Nearby occupiers include Superdrug, Boots the Chemist, Burton, M&Co, Greggs and Santander
  • Asset Management Opportunities
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    89
  • Auction
    30th March 2017
  • Rent
    £12,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £163,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of KPMG as Joint Liquidators
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Comprises two retail units
  • No. 50 let to Scottish Midland Co-operative Society Limited t/a Semichem
  • Nearby occupiers include Superdrug, Boots the Chemist, Burton, M&Co, Greggs and Santander
  • Asset Management Opportunities
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 89
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £163,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of KPMG as Joint Liquidators

Property Information

Location
Miles
48 miles south of Edinburgh, 61 miles north of Newcastle
Roads
A7, A68
Rail
Galashiels Railway Station
Air
Edinburgh International Airport
Situation

Hawick is a popular and historic town located in the Scottish Borders approximately 48 miles from Edinburgh. The property is prominently situated on the east side of the High Street, the town’s principal retail thoroughfare. Nearby occupiers include Superdrug, Boots the Chemist, Burton, M&Co, Greggs and Santander.

Tenure

Heritable. (Scottish Equivalent of English Freehold) .

Location
Miles
48 miles south of Edinburgh, 61 miles north of Newcastle
Roads
A7, A68
Rail
Galashiels Railway Station
Air
Edinburgh International Airport
Situation

Hawick is a popular and historic town located in the Scottish Borders approximately 48 miles from Edinburgh. The property is prominently situated on the east side of the High Street, the town’s principal retail thoroughfare. Nearby occupiers include Superdrug, Boots the Chemist, Burton, M&Co, Greggs and Santander.

Tenure

Heritable. (Scottish Equivalent of English Freehold) .

Description

The property comprises two adjoining ground floor retail units with ancillary accommodation on the first floors.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Liquidators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Liquidators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Liquidators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two adjoining ground floor retail units with ancillary accommodation on the first floors.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Liquidators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Liquidators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Liquidators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
50
Ground
First
Retail
Ancillary
268.03 sq m 70.62 sq m
(2,885 sq ft) (760 sq ft)
SCOTTISH MIDLAND CO-OPERATIVE
SOCIETY LIMITED (1)
t/a Semi-Chem
5 years from
15/11/2011
£12,000
14/11/2017 (2)
52
Ground
First
Retail
Ancillary
347.00 sq m 145.90 sq m
(3,735 sq ft) (1,570 sq
VACANT
     
Total  
831.55 sq m
(8,950 sq ft)
    £12,000
 

(1) For the year ending 30th January 2016, Scottish Midland Co-operative Society Limited reported a turnover of £370,620,000, pre-tax profits of £5,446,000 and a total net worth of £67,220,000 (Source: Experian Group 22/02/2017)
(2) Under Scottish law, the lease will continue year on year on the same terms and conditions until the next anniversary, which will be the 15th November 2017. If either the tenant or the landlord wish to terminate the lease, they must serve a notice to quit 40 clear days prior to the anniversary.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    524 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
CMS Cameron McKenna LLP 191 West George Street
Glasgow
Scotland
G2 2LD
Scott Allison 0141 304 6195scott.allison@cms-cmck.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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