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Retail Investment in Prominent Position, 13 Oliver Place, Hawick, TD9 9BJ

3,207 Sq Ft / Retail / General Retail

For Sale - £75,000.00

Available - Last updated: 21 May 2024

The subjects comprise a corner ground and basement retail unit.

Location

Hawick is the largest of the Border towns. Frequent winners of national floral awards, and famous world-wide for it’s quality knitwear, Hawick is part of The Cashmere Trail and is the major centre for the industry in the Borders.

The A7 provides a through-route to Edinburgh and south to Carlisle and the M6. Rail links are available at Berwick-Upon-Tweed, Carlisle, Tweedbank and Edinburgh. The nearest International Airports are located in Edinburgh and Newcastle.

Accommodation

GROUND FLOOR: 1483 sqft (137.78 sq m)

BASEMENT: 684 sqft (63.5 sq m)

ITZA: 1040 sqft (96.62 sq m)

Terms

LEASE - The property is leased as a furniture shop by David Cross from 31 July 2013 to 30 July 2023 with a current passing rent of £5,500 per annum, exclusive of VAT. 

The passing rent is a low £5.30 per sq ft Zone A.

TERMS - Offers in the region of £75,000.

VIEWING - Strictly by the sole selling agents.

VAT - We are advised the sale will be subject to VAT being charged. We would expect the sale to be completed as a Transfer of a Going concern (TOGC).  

LEGAL COSTS - Each party will be responsible for their own legal costs incurred in the transaction with the Purchaser responsible for Land & Buildings Transaction Tax (LBTT) and Registration Dues. 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £75,000.00 NA

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Alan Stewart

Breck Property Consultants

0141 432 1377

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