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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of KPMG as Joint Liquidators

Important Update Interested?

Expand
Photos
Map

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

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

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

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.