Heritable Retail Investment
Heritable Retail Investment
Hawick is a popular and historic town located in the Scottish Borders approximately 48 miles from Edinburgh. The property is prominently situated on the eastern side of the High Street, the town’s principal retail thoroughfare. Nearby occupiers include Superdrug, Boots the Chemist, Burton, M&Co, Greggs and Santander.
Heritable. (Scottish Equivalent of English Freehold).
Hawick is a popular and historic town located in the Scottish Borders approximately 48 miles from Edinburgh. The property is prominently situated on the eastern side of the High Street, the town’s principal retail thoroughfare. Nearby occupiers include Superdrug, Boots the Chemist, Burton, M&Co, Greggs and Santander.
Heritable. (Scottish Equivalent of English Freehold).
The property comprises two adjoining ground floor retail units.
VAT is applicable to this lot.
Eight Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two adjoining ground floor retail units.
VAT is applicable to this lot.
Eight Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|---|
| 39 | Ground | Retail | 174.19 sq m |
(1,875 sq ft) |
ALCHEMY FILM & ARTS (1) |
1 year licence from 01/01/2017 (2) |
£3,000 | 31/12/2017 |
| 41 | Ground | Retail | 39.30 sq m |
(423 sq ft) |
VACANT POSSESSION |
|||
| Total | 213.49 sq m |
(2,298 sq ft) |
£3,000 | |||||
(1) Alchemy Film and Arts is a registered charity (SC042142) founded in 2010 which has produced six editions of the Alchemy Film and Moving Image Festival, an international festival of experimental film and artists moving image (Source: www.alchemyfilmfestival.org.uk 14/06/2017).
(2) Alchemy Film & Arts are in occupation, however the Sellers have not yet received a copy of the signed licence.
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