Timed Online Auction

07 October 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 1
  • Council Tax Search SAA

Description

Full Address:  Portfolio of 2 Tenanted Flats, Hawick, TD9 9PY

Prime opportunity for buy to let investor. Portfolio of 2 tenanted properties Hawick with combined rental income of 7,489.08 per annum giving excellent return on investment.

8-2 Duke Street, Hawick, TD9 9PY comprises a two bedroom flat currently tenanted at 74.79 Per Week (3,889.08 Per annum).

8a Village, Hawick, TD9 0AH comprises a one bedroom flat currently tenanted at 300PCM (3,600 Per annum).

Portfolio of two flat with a combined Rental income 7,489.08 Per Annum Professionally managed by a letting agent. Sure to appeal to investors looking to add to their portfolio.

EXCELLENT CENTRAL LOCATION - Hawick provides an excellent variety of leisure and shopping facilities and is well placed for access to several of the principal towns within the region.

8-2 Duke Street, Hawick, TD9 9PY comprises a two bedroom flat currently tenanted at 74.79 Per Week (3,889.08 Per annum). 8a Village, Hawick, TD9 0AH comprises a one bedroom flat currently tenanted at 300PCM (3,600 Per annum). Portfolio of two flat with a combined Rental income 7,489.08 Per Annum. Professionally managed by a letting agent. Sure to appeal to investors looking to add to their portfolio. EXCELLENT CENTRAL LOCATION - Hawick provides an excellent variety of leisure and shopping facilities and is well placed for access to several of the principal towns within the region.

The Borders town of Hawick provides an excellent variety of leisure and shopping facilities and is well placed for access to several of the principal towns within the region. The A7, which runs through the centre of town, brings major routes within comfortable striking distance both North and South bound. Property is based in the centre of Hawick.

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: 7,489 per year / 624 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £60,000

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 = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 07 October 2021, 10am-3pm
Type: Timed Online Auction

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