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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

*** EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY *** PROVIDES annual income of £8,400 on a 10year lease. Extensive window display frontage. Ideally situated for passing footfall on Hawick High Street.

Currently Comprise of a café/restaurant space catering for ten large tables; kitchen; storage to the rear, w.c, and private garden to the rear. There is additional storage area upstairs. 88.55sq m

FREEHOLD Property is sure to appeal to investors looking to a easily rentable/manageable property in a sought after location in Hawick town centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY.

RATEABLE VALUE: £8,400.00. The premises benefit from 100% relief through the Small Business Bonus Scheme subject to the owners other commercial properties.

Centrally positioned on the High Street of Hawick, which is a wonderful town steeped in a sense of history and tradition, set amidst the picturesque Scottish Borders countryside.

*** EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY *** PROVIDES annual income of £8,400 on a 10year lease. Extensive window display frontage. Ideally situated for passing footfall on Hawick High Street. The De Café Lounge currently operates as a successful cafe business PROVIDES annual income of £8,400 Key features Centrally positioned on Hawick High Street Extensive window display Private garden Tenure: Freehold Situated on the main, bustling High Street of Hawick, De Café Lounge currently operates as a successful cafe business, providing a place of warmth to the community with friendly service and delicious meals and drinks. Ideally placed for passing footfall, the generous premises comprise of a café/restaurant space catering for ten large tables; a well-maintained and high-functioning kitchen; an abundance of storage to the rear, inclusive of three chest freezers as well as a convenient WC for customers. De Café Lounge hugely benefits from the extensive window display frontage where the friendly and welcoming atmosphere can be witnessed by passers-by. A private garden can be accessed from the side of the premises and would be ideal for putting your feet up to enjoy the fresh air after a successful day of trading. FREEHOLD Property is sure to appeal to investors looking to a easily rentable/manageable property in a sought after location in Hawick town centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY. Purchaser will benefit from all the investment the current owner has undertaken with al fixtures and fittings replaced, new fridge and new coffee machine (cost of £10,000). The equipment investment totals approx. £35000 which will all stay in place and belong to the new owner. EPC: G. RATEABLE VALUE: £8,400.00. The premises benefit from 100% relief through the Small Business Bonus Scheme subject to the owners other commercial properties. The Purchaser will be responsible for any LBTT and VAT associated with the purchase. SERVICES: Mains water, gas, drains & electricity. Security alarm system. ROOM SIZES: Café: 12.00m x 3.55m Kitchen: 6.00m x 4.40m Back Store: 3.45m x 2.70m WC: 1.90m x 1.65m

Centrally positioned on the High Street of Hawick, which is a wonderful town steeped in a sense of history and tradition, set amidst the picturesque Scottish Borders countryside. Known as the Home of Cashmere, the town offers a multitude of varied attractions, including the Borders Textile Towerhouse, Borders Distillery, cinema, Leisure Centre, Vertish Hill Golf Course and the award-winning Wilton Lodge Park and is famous for its proud rugby tradition. Hawick boasts a number of independent shops, public houses and bistros, as well as larger supermarkets and excellent schooling, and is also the venue for the famous annual Common Riding and popular Summer Festival. The town also offers opportunities for walking, cycling, football, horse-riding, fishing and other country pursuits and the surrounding Border towns are easily accessible, as are Edinburgh, Newcastle and Carlisle. The Borders railway has stops at Galashiels and Tweedbank, both just a 25-minute drive away.

Full Address: 45 High Street, Hawick, Scottish Borders, TD9 9BU

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 years
Rent: £8,400 per year / £700 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Excellent trading location in pretty town centre. Good return per annum.

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Pricing Information & Bidding

Opening Bid: £72,000

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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Terms of Sale

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

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 09 January 2025, 10am-3pm
Type: Timed Online Auction

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