Nearby occupiers include Superdrug, Boots the Chemist, Burton, M&Co, Greggs and Santander
Lot 83
Auction 13th July 2017
Rent £3,000 per Annum Exclusive
Status Sold
Price £42,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
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 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.
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 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.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises two adjoining ground floor retail units.
VAT
VAT is applicable to this lot.
Completion Period
Eight 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.
VAT
VAT is applicable to this lot.
Completion Period
Eight 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
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.