74 High Street
Hawick
TD9 9HR

Heritable Retail Investment

  • Located on the busy High Street with on street car parking
  • Entire building of over 4,500 sq ft
  • Occupiers nearby include Boots, Savers, Greggs and British Heart Foundation
  • Lot
    49
  • Auction
    23/Sep/2020
  • Vacant Posession
  • Status
    Available
  • Price*
    £80,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 74 High Street<br>Hawick<br>TD9 9HR
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* More information on the term "price" can be found here

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 towns principal retail thoroughfare. Nearby occupiers include Boots the Chemist, Burton, William Hill, Greggs and Santander.

Tenure

Heritable.

Description

The property comprises a modern glazed frontage retail unit at ground floor and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (07718 899341)

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Retail
Ancillary
388.20 sq m
38.72 sq m
(4,179 sq ft)
(417 sq ft)
MERIDIAN REALISATION
LIMITED (FORMERLY
MACKAYS STORES
LIMITED IN
ADMINISTRATION)(1)
25 years from
18/05 2007 to
31/01/2033 (2)
£0 
Total426.92 sq m(4,596 sq ft)  £0 

(1) On 4 August 2020, Michael John Magnay and Gavin George Scott Park both of Deloitte LLP were appointed as joint administrators of the tenant, which is now known as Meridian Realisations Limited in Administration. On 4 August 2020, a licence to occupy was granted to M&Co Trading Limited (the entity which purchased the business and assets from Meridian Realisations Limited in Administration). Please refer to the letter from Deloitte LLP dated 12 August 2020 attached to this sale extract and enclosed with the auction pack for further details.
(2) Tenant and landlord break options on three months' notice

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.09.20
    File Size
    26 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    827 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    920 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP 1 George Square
Glasgow
G2 1AL
Rachel Dunn +44 330 222 1710 rachel.dunn@dentons.com

Useful Links

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