Town Centre Location
Full Building
Held On F.R.I Lease
Let To Farmfoods
In Situ For Over 20yrs
Expiry January 2035
Passing Rent: £50,000p.a
Price: o/o £475,000
within the town Hawick. Hawick is one of the main towns within the Scottish Borders, benefitting from a population of approx 15,000persons. The town is accessed via the A7 road between Edinburgh and Carlisle along with being easily accessible from Galashiels, Jedburgh & Selkirk with excellent rail links to Glasgow & Edinburgh.
Property
The property forms the ground and first floors of a larger 2 storey commercial development.
The property benefits from a large aluminium framed and glazed frontage dual double entrance doors.
Internally the property is presented per Farmfood corporate specification with polished concrete floors, suspended ceiling with hanging L.E.D lighting. The first floor is accessed via a staircase to the rear offering staff room, manager office, w.c facilities and further stores.
Area
The property extends to the following internal area;
Ground: 416sqm (4,475sq ft)
1st: 430.6sqm (4,635q ft)
Total: 846.6sqm (9,110sq ft)
Lease Summary
Tenant: Farmfoods Ltd
Term: Expiry January 2035
Break Option: None
Passing Rent: £50,000p.a.
Rent Review: 2029
Tenant Summary:
For the year ended 31.12.2022 Farmfoods Limited reported a turnover of £942,446,000, a pre-tax profit of £22,225,000, and shareholders funds and a net worth of £142,075,000 (Source Experian 09.04.2024).
Sale
The property is available on a freehold basis for o/o £475,000
V.A.T.
Figures quoted are exclusive of V.A.T.
Viewing
Whilst it is a good idea to visit a trading business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.
E.P.C.
A copy of the E.P.C. will be made available for any interested party
Title & Lease
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.