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Description

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

***IMMEDIATE INCOME PRODUCING INVESTMENT***Farmfoods producing £50,000 on a long term lease with 10 years remaining. Double storey building in prominent position with high footfall

Let To Farmfoods Ltd Held On F.R.I Lease Expiry December 2034 No tenant breaks Passing Rent: £50,000 p.a. Tenant In Situ For Over 20 years Rarely Available Long Term Investment

The premises extend to the following approximate areas: Ground Floor: 4,475 sq ft / 415.8 sqm First Floor: 4,635 sq ft / 430.59 sqm

PRIME INVESTMENT PROPERTY immediate income producing investment in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

High Street, Hawick provides a blend of history, culture, and modern amenities, it serves as a central hub for shopping, dining, and community activities making it an integral part of life in Hawick.

***IMMEDIATE INCOME PRODUCING INVESTMENT***Farmfoods producing £50,000 on a long term lease with 10 years remaining. Double storey building in prominent position with high footfall. Let To Farmfoods Ltd Held On F.R.I Lease Expiry December 2034 No tenant breaks Passing Rent: £50,000 p.a. Tenant In Situ For Over 20 years Rarely Available Long Term Investment The premises extend to the following approximate areas: Ground Floor: 4,475 sq ft / 415.8 sqm First Floor: 4,635 sq ft / 430.59 sqm PRIME INVESTMENT PROPERTY immediate income producing investment in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** High Street, Hawick provides a blend of history, culture, and modern amenities, it serves as a central hub for shopping, dining, and community activities making it an integral part of life in Hawick.

High Street, Hawick is the central artery of this historic town in the Scottish Borders. Known for its strong ties to the textile industry and rich heritage, High Street serves as the heart of Hawick’s commercial, social, and cultural life. High Street is home to a variety of independent shops offering clothing, gifts, and locally crafted goods. Stores often feature Hawick's famous knitwear, reflecting the town's long-standing association with the textile industry. Essential Services: Supermarkets, pharmacies, and banks provide everyday conveniences. Specialty shops include local butchers, bakers, and artisan stores Bus Services: Regular connections to other towns in the Scottish Borders, such as Galashiels and Selkirk, as well as to larger cities like Edinburgh. Road Access: The High Street is easily accessible via the A7, a major route through the Borders. Pedestrian-friendly, with ample parking nearby for those arriving by car.

Full Address: 46 High Street, Farmfoods, Hawick, TD9 9EE

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £50,000 per year / £4,167 per month
Yield: 12% (approx)
Tenant: Company
Notes: Let to Farmfoods Ltd – been in occupation for over 20 years Rent: £50,000pa New 10 year FRI lease with no tenant breaks

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Pricing Information & Bidding

Guide Price: £475,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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

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Buy Now Price = £500,000

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Auction Details

Date & Time: 16 January 2025, 3pm
Type: Deadline for Offers

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