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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

One Bedroom Flat. Located in the popular borders town of Hawick. Currently tenanted with a rental of £359 pcm / £4,308 per annum providing a yield of 12%. Freehold Residential Sale.

The property is on the second floor, within a building comprised of 6 flats in total. The property includes an entrance hallway, a lounge/kitchen, double bedroom and shower room.

The Borders town of Hawick provides an excellent variety of leisure and shopping facilities. The surrounding properties are of a similar design and character. All local amenities are available nearby.

SUPER INVESTMENT PROPERTY - Property in excellent location within the historic border town of Hawick. Rental INCOME AGREED AT £350 pcm (£4,200 per annum). High Demand Rental Area.

Hawick is the principle town in the Scottish Borders and offer an excellent range of local amenities with busy town centre and extremely well-regarded primary and secondary educational institutions.

One Bedroom Flat. Located in the popular borders town of Hawick. Currently tenanted with a rental of £359 pcm / £4,308 per annum providing a yield of 12%. Freehold Residential Sale. The Borders town of Hawick provides an excellent variety of leisure and shopping facilities. The surrounding properties are of a similar design and character. All local amenities are available nearby. Recent Sales: Northcote Street 1 Bedroom Flat sold for £34,500 Jan 2021 Northcote Street 1 Bedroom Flat sold for £27,000 Sep 2019 Princes Street 1 Bedroom Flat sold for £39,000 Dec 2020 Oliver Crescent 1 Bedroom Flat sold for £29,000 Feb 2017 Mansfield Road 1 Bedroom Flat sold for £32,000 Jun 2020 The A7 which runs through Hawick provides excellent links to Edinburgh or the north of England. The area is also served by the Borders Railway which runs from Tweedbank to Edinburgh, with the station lying approximately eighteen miles away. There is also a busy bus service with links to Carlisle, as well as Edinburgh and the other Border towns. SUPER INVESTMENT PROPERTY -- -Vacant property in excellent location within the historic border town of Hawick. Rental AGREED AT £359 per month. High Demand Rental Area. Perfect buy-to-let investment below ADS threshold. The A7 runs through Hawick providing excellent road links to Edinburgh or to the north of England. The area is also served by the Borders Railway which runs from Tweedbank to Edinburgh, with the station lying approximately eighteen miles away. There is also a busy bus service with links to Carlisle, as well as Edinburgh and the other Border towns.

Hawick, the largest of the Border towns, with a population of over 14,000 lies on the banks of the River Teviot. The town is famous for its common riding, rugby and fine cashmere companies such as Hawick Cashmere, Johnstons of Elgin, Lyle & Scott, and Pringle of Scotland. The town also provides an extensive choice of amenities ranging from a leisure centre, a variety of specialist independent shops including small supermarkets, and a selection of restaurants and hotels, mostly situated around the High Street. The A7 which runs through Hawick provides excellent links to Edinburgh or the north of England. The area is also served by the Borders Railway which runs from Tweedbank to Edinburgh, with the station lying approximately eighteen miles away. There is also a busy bus service with links to Carlisle, as well as Edinburgh and the other Border towns. The nearest major airports are at Edinburgh and Newcastle, which are both around 57 miles away offering flights across the UK and to a number of European and International destinations.

Full Address: 6-5 Northcote Street, Hawick, Roxburghshire, TD9 9QU

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £4,308 per year / £359 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: Currently tenanted with a rental of £359 pcm / £4,308

Document Downloads

Home Report (Pending) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £27,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £36,000

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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